Question: Which of the following statements are false about management accounting?(i) Management accounting is concerned with historical events.(ii) Management accounting is related only with such instances which can be expressed in monetary terms.(iii) Management accounting is a part of Financial…

Question: The basic function of management accounting is to: A. record all business transactions B. interpret the financial data C. assist the management in performing its functions effectively D. None of the above Answer» c. assist the management in performing…

Question: Which of the following is true about management accounting?(i) Management accounting is associated with presentation of accounting data.(ii) Management accounting is extremely sensitive to investors needs. A. Only (i) B. Only (ii) C. Both (i) and (ii) D. None…

Question: Management accounting is(i) Subjective(ii) Objective A. Only (i) B. Only (ii) C. Both (i) and (ii) D. None of the above Answer» a. Only (i) Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Question: Management accounting involves A. Preparation of financial statements B. Analysis and interpretation of data C. Recording of transactions D. None of the above Answer» b. Analysis and interpretation of data Note: The above multiple-choice question is for all general…

Question: Profit and Loss Account debit side includes A. Salary B. Discount allowed C. Postage & telegram D. All of the above Answer» d. All of the above Note: The above multiple-choice question is for all general and Competitive Exams…

Question: Management accounting deals with A. Quantitative information B. Qualitative information C. Both a and b D. None of the above Answer» c. Both a and b Note: The above multiple-choice question is for all general and Competitive Exams in…