Management Accounting Quiz

Management Accounting Quiz

Professional Development

12 Qs

quiz-placeholder

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Management Accounting Quiz

Management Accounting Quiz

Assessment

Quiz

Financial Education

Professional Development

Medium

Created by

Harini Ramakrishnan

Used 1+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The basic function of accounting is to

attain non-economic goals

record economic data

classify and record business transactions

None of these

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financial accounting record only

Standard figures

Estimated figures

Actual figures

None of these

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Inflation accounting

Cost accounting

Financial accounting

Management accounting

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The term 'Management Accountancy' uses various tools like

cost sheet

budgetery control

financial accounting

all the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Management accounting is also known as

Price level accounting

Historical cost accounting

Financial accounting

Decision accounting

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The prime function of management accounting is to

assist tax authorities

assist the management in performing its functions effectively

interpret the financial data

record business transactions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Management accounting provides valuable services to management in performing

Coordinating functions

Controlling functions

Planning functions

all managerial functions

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