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Cost Accounting Quiz

Authored by Priya Mani

Arts

University

Used 2+ times

Cost Accounting Quiz
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cost accounting is primarily concerned with:

Financial position

Cost ascertainment

Tax calculation

Investment decisions

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an objective of cost accounting?

Preparing trial balance

Determining cost of production

Recording cash flows

Calculating tax liability

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cost accounting helps in:

Budgeting and cost control

Auditing

Tax planning

Share valuation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The primary users of cost accounting information are:

Creditors

Internal management

Government

Shareholders

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cost accounting provides information mainly for:

External reporting

Internal decision-making

Tax assessment

Financial auditing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes cost accounting?

Historical in nature

Forward-looking and analytical

Regulated by law

Used for investment analysis only

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a direct cost?

Factory rent

Supervisor salary

Raw materials

Office stationery

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