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WorksheetsManagement Accounting
Total questions: 17
Worksheet time: 12mins
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
Management accounting is suitable for
Large industrial and trading conerns
Co-operative societies
Small buinesses
Non-profit organizations
Management accounting and cost accounting functions are
Neutral in effect
complementary in nature
contradictory in nature
none of these
Financial accounting deals with (a) data.
Management accounting is just in the (a) stage
Management accounting helps in (a) data.
Management accounting uses primary data from financial accounting and (a) accounting
Management accounting provides alternative choices for managerial (a)
