Q. A segment of activity for which cost is accumulated
✅ Correct Answer: (B)
Cost centre
Accounting for Managerial Decisions MCQs and Notes
Q. A system where accounting is established with responsibility
✅ Correct Answer: (A)
Responsibility accounting
Q. A system of control where persons are made responsible for control of cost
✅ Correct Answer: (C)
Responsibility accounting
Q. AS-3 is related to
✅ Correct Answer: (A)
Cash flow statement
Q. Rent received by a company (whose main business is real estate) is classified as
✅ Correct Answer: (C)
Operating activity
Q. Sale of patent is classified under---------
✅ Correct Answer: (A)
Investing activity
Q. Profit on sale of machinery comes under------------
✅ Correct Answer: (C)
Operating activity
Q. Proposed dividend is classified as-----------
✅ Correct Answer: (C)
Operating activity
Q. Cash flow statement is based on----------
✅ Correct Answer: (A)
Cash basis of accounting
Q. Cash flows include
✅ Correct Answer: (C)
Cash receipts and payments