Management Accounting

The basic function of accounting is to

• attain non-economic goals

• record economic data

• classify and record business transcations

• None of these

Financial accounting record only

• Standard figures

• Estimated figures

• Actual figures

• None of these

The branch of accounting which primarily deals with processing and presenting accounting data for internal use in a concern is

• Principles of accountancy

• Cost accounting

• Financial Accounting

• Management Accounting

The term 'Management Accountancy' was first used in

• 1950

• 1936

• 1910

• 1947

Management Accounting is also known as

• Price level accounting

• Historical cost accounting

• Financial accouting

• Decision accounting

The primary function of management accounting is to

• Assist tax authorities

• Assist the management in performing its functions effectively

• interpret the financial data

• record business transactions

Management accounting provides valuable services to management is performing

• Coordinating Functions

• Controlling Functions

• Planning Functions

• all management functions

Management accounting is an offshoot of

• Financial accounting

• cost accounting

• cost accounting and inflation accounting

• cost accounting and Finacial accounting

Management accounting is basically concerned with the

• Recording of transcations

• the problem of choice

• causative relationship

• only (b) and (c)

Management accounting analyses accounting data with the help of

• Audtiors

• Statutory forms

• Tools and Techniques

• None of these