Accounting for Managerial Decisions MCQs

M

Mr. Dubey • 51.17K Points
Coach

Q 1. A transaction that doesn’t make any change in working capital position is ---------

(A) Inflow of fund
(B) Out flow of fund
(C) Non fund transaction
(D) Fund transaction
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M

Mr. Dubey • 51.17K Points
Coach

Q 2. A firm’s investment in current asset is known as ----------------

(A) Net working capital
(B) Gross working capital
(C) Average working capital
(D) None of these
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M

Mr. Dubey • 51.17K Points
Coach

Q 3. ------------- centre is one for which both revenue and cost are accumulated

(A) Cost centre
(B) Revenue centre
(C) Service centre
(D) Profit centre
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M

Mr. Dubey • 51.17K Points
Coach

Q 4. --------- is a system where persons are made responsible for control of cost

(A) Cost accounting
(B) Financial accounting
(C) Responsibility accounting
(D) None of these
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M

Mr. Dubey • 51.17K Points
Coach

Q 5. A control system where accountability is established with responsibility is known as --------------

(A) Cost accounting
(B) Responsibility accounting
(C) Financial accounting
(D) None of the above
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M

Mr. Dubey • 51.17K Points
Coach

Q 6. A segment of activity or area of operation for which revenues are accumulated is known as ------

(A) Cost centre
(B) Profit centre
(C) Revenue centre
(D) Investment centre
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M

Mr. Dubey • 51.17K Points
Coach

Q 7. A segment of activity or area of operation for which cost is collected is known as -----------------

(A) Cost centre
(B) Profit centre
(C) Investment centre
(D) Responsibility centre
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M

Mr. Dubey • 51.17K Points
Coach

Q 8. A segment of activity for which revenues are accumulated

(A) investment centre
(B) profit centre
(C) revenue centre
(D) Responsibility
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M

Mr. Dubey • 51.17K Points
Coach

Q 9. A centre at which proper utilization of asset used in the centre

(A) Investment centre
(B) Profit centre
(C) Cost centre
(D) Responsibility centre
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M

Mr. Dubey • 51.17K Points
Coach

Q 10. A segment of activity for which both revenue and cost are accumulated

(A) Investment centre
(B) Project centre
(C) Cost centre
(D) Responsibility centre
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