Accounting for Managerial Decisions MCQs and Notes

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Mr. Dubey • 51.67K Points
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Q 11. A segment of activity for which cost is accumulated

(A) Service centre
(B) Cost centre
(C) Profit centre
(D) Investment centre

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Mr. Dubey • 51.67K Points
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Q 12. A system where accounting is established with responsibility

(A) Responsibility accounting
(B) Financial accounting
(C) Cost accounting
(D) Budgeting

M

Mr. Dubey • 51.67K Points
Coach

Q 13. A system of control where persons are made responsible for control of cost

(A) Cost control
(B) Production control
(C) Responsibility accounting
(D) Budgeting

M

Mr. Dubey • 51.67K Points
Coach

Q 14. AS-3 is related to

(A) Cash flow statement
(B) Funds flow statement
(C) Balance sheet
(D) Income statements

M

Mr. Dubey • 51.67K Points
Coach

Q 15. Rent received by a company (whose main business is real estate) is classified as

(A) Investing activity
(B) Financing activity
(C) Operating activity
(D) Cash equivalent

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Mr. Dubey • 51.67K Points
Coach

Q 16. Sale of patent is classified under---------

(A) Investing activity
(B) Financing activity
(C) Operating activity
(D) None of these

M

Mr. Dubey • 51.67K Points
Coach

Q 17. Profit on sale of machinery comes under------------

(A) Investing activity
(B) Financing activity
(C) Operating activity
(D) None of these

M

Mr. Dubey • 51.67K Points
Coach

Q 18. Proposed dividend is classified as-----------

(A) Investing activity
(B) Financing activity
(C) Operating activity
(D) Cash equivalent

M

Mr. Dubey • 51.67K Points
Coach

Q 19. Cash flow statement is based on----------

(A) Cash basis of accounting
(B) Accounting equation
(C) Accrual basis of accounting
(D) None of these

M

Mr. Dubey • 51.67K Points
Coach

Q 20. Cash flows include

(A) Cash payments only
(B) Cash receipts only
(C) Cash receipts and payments
(D) Cash and noncash incomes and expenses.

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