πŸ“Š Accounting for Management
Q. ……………..is a tool of management for financial analysis and helps in making decisions.
  • (A) fund flow statement
  • (B) balance sheet
  • (C) income statement
  • (D) none of these
πŸ’¬ Discuss
βœ… Correct Answer: (A) fund flow statement
πŸ“Š Accounting for Management
Q. While preparing ……………statement, both capital and revenue items are considered.
  • (A) fund flow statement
  • (B) income statement
  • (C) both of these
  • (D) none of these
πŸ’¬ Discuss
βœ… Correct Answer: (A) fund flow statement
πŸ“Š Accounting for Management
Q. Which among the following transaction involves flow of fund ?
  • (A) cash paid to creditors
  • (B) payment of bills payable
  • (C) raising of short term loans
  • (D) raising of long term loans
πŸ’¬ Discuss
βœ… Correct Answer: (D) raising of long term loans
πŸ“Š Accounting for Management
Q. Which among the following transaction involves no flow of fund ?
  • (A) redemption of debentures
  • (B) purchase of fixed assets
  • (C) issue of debentures for cash
  • (D) conversion of debentures into shares.
πŸ’¬ Discuss
βœ… Correct Answer: (D) conversion of debentures into shares.
πŸ“Š Accounting for Management
Q. Goods purchased for cash. This transaction involves…………..
  • (A) flow of fund
  • (B) no flow of fund
  • (C) both of these
  • (D) none of these
πŸ’¬ Discuss
βœ… Correct Answer: (B) no flow of fund
πŸ“Š Accounting for Management
Q. ………..liabilities are those which are intended to be paid in the ordinary course of business within a short period.
  • (A) current
  • (B) non current
  • (C) both of these
  • (D) none of these
πŸ’¬ Discuss
βœ… Correct Answer: (A) current
πŸ“Š Accounting for Management
Q. …………….assets are those which in the ordinary course of business can be converted into cash within a short period of time.
  • (A) current
  • (B) non current
  • (C) both of these
  • (D) none of these
πŸ’¬ Discuss
βœ… Correct Answer: (A) current
πŸ“Š Accounting for Management
Q. The flow of funds occurs when a transaction changes on the one hand a non current account and on the other hand a …………..
  • (A) current asset
  • (B) current liability
  • (C) a or b
  • (D) none of these
πŸ’¬ Discuss
βœ… Correct Answer: (C) a or b
πŸ“Š Accounting for Management
Q. There will be flow of funds, if a transaction involves………………..
  • (A) current assets and fixed assets
  • (B) current assets and capital
  • (C) current assets and fixed liabilities
  • (D) all of these
πŸ’¬ Discuss
βœ… Correct Answer: (D) all of these
πŸ“Š Accounting for Management
Q. Which transaction results in flow of funds ?
  • (A) transaction involve only fixed assets
  • (B) transaction involve only current assets
  • (C) all of these
  • (D) none of these
πŸ’¬ Discuss
βœ… Correct Answer: (D) none of these