
Management Accounting Quiz
Quiz
•
Financial Education
•
Professional Development
•
Medium
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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