Accounting for Management MCQS With Answers 1 to 6

 

Accounting for Management

1. …………….is concerned with recording transactions and preparing financialreports for the external and internal users of accounting.

A. management accounting

B. financial accounting

C. cost accounting

D. all of these

B. financial accounting

2. The Branch of accounting concerned with collection, determining andcontrolling cost of products and services is called………………

A. management accounting

B. financial accounting

C. cost accounting

D. all of these

C. cost accounting

3. ……………is concerned with providing information to management for takingmanagerial decisions.

A. management accounting

B. financial accounting

C. cost accounting

D. all of these

A. management accounting

4. The father of Double Entry system is………………

A. luca pacioli

B. lopus patricia

C. lukas christian

D. none of these

A. luca pacioli

5. ……………….is the art of recording, classifying and summarizing in asignificant manner and in terms of money, transactions and events, which are in part, at least of financial character and interpreting the results there of.

A. management accounting

B. accounting

C. cost accounting

D. all of these

B. accounting

6. Which among the following do not belong to the category of Accounting ?

A. management accounting

B. financial accounting

C. cost accounting

D. none of these

D. none of these

7. The objective of financial accounting is to find out…………………..

A. profitability and financial position

B. liquidity

C. solvency

D. none

A. profitability and financial position

8. ……………….journal is used to record credit sale of goods

A. sales journal

B. cash book

C. purchase journal

D. none of these

A. sales journal