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

Q. The basic function of Management Accounting is to ……………………….

Q. The following is a recorded fact

Q. Which among the following are examples of cash flow from operating activities ?

Q. A 'direct' cost is a cost that is classified by:

Q. Income statement matches the …………… incurred in the accounting year

Q. The three basic elements of the cost of a manufactured product are:

Q. Increase in Accounts payable when compared to previous year results in …………….of working capital

Q. The weighted average method of stock valuation would be most appropriate for ………….

Q. The ratio of contribution to ……………. Is called P/V ratio