Management Accounting Set 14
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This set of Management Accounting Multiple Choice Questions & Answers (MCQs) focuses on Management Accounting Set 14
Q1 | Which of the following is a non-current liability
- Mortgage loan
- Bank balance
- Outstanding salary
- None of these
Q2 | Current liabilities are equals to-------------------------------
- Working capital +current assets
- Working capital-current assets
- Current assets-working capital
- Current asset + working capital
Q3 | Inflow of fund does not take place due to----------------
- Funds from operation
- Increase in capital
- Increase in working capital
- Sale of fixed asset
Q4 | Increase in working capital is-----------------------
- Source of fund
- Application of fund
- Funds from operation
- Loss from operation
Q5 | Salaries Rs.20000,depreciation for the period is Rs.30000 other operating expenses are Rs.9000, net loss for the period is Rs.5000 fund generated from operation is------------------
- Rs.25000
- Rs.15000
- Rs.35000
- Rs.14000
Q6 | Stock at the end results in-----------------------
- Application of fund
- Source of fund
- Inflow of fund
- None of these
Q7 | Depreciation is a source of fund-------------------
- Yes
- No
- Both yes or no
- None of these
Q8 | Stock in the beginning results in-----------
- Application of funds
- Source of fund
- Inflow of fund
- None of these
Q9 | Which of the following does not affect the fund flow statement
- Issue of shares
- Borrowing
- Repayment of loan
- Payment to creditors
Q10 | Which of the following does not affect working capital---------
- Bank overdraft
- Debenture
- Cash
- Bank
Q11 | Proposed dividend is a--------
- Current liability
- Current asset
- Noncurrent liability
- Expense
Q12 | Cash flow statement is prepared by taking the ------------- balance of cash
- Opening balance
- Closing balance
- Monthly balance
- Others
Q13 | Decrease in a creditor is a---------------- of cash
- Inflow
- No flow of cash
- Outflow
- None of these
Q14 | Goodwill written off is-----------to the net profit made during the year for calculating the cash from operation
- Added back
- Deducted
- Decreased
- None of these
Q15 | Provision for tax is shown as a part of-----------activity
- financing
- investing
- operating
- others
Q16 | Purchase of fixed asset is classified as------activity
- financing
- investing
- operating
- others
Q17 | Purchase of building by issue of debenture is a---------item and it is ignored in cash flow statement
- cash
- non-cash
- non-operating
- current
Q18 | Cash flow statement is based on past records, so it is---------in nature
- historical
- future item
- past
- none of these
Q19 | Cash equivalent are usually of short term but highly -----------------investments
- liquid
- Fixed
- Changed
- None of these
Q20 | Cash flow statements (based on AS-3) should be prepared and presented under------------------method.
- Direct
- Indirect
- Permanence
- None of these
Q21 | Income tax paid should be shown separately as the cash flows from----------- activities.
- Financing
- Investing
- Operating
- Others
Q22 | Buy back of shares is shown under-----------------------
- operating activities
- investing activities
- financing activities
- none of these
Q23 | Increase in prepaid expenses--------------------cash
- Increases
- Added
- Decreases
- None of these
Q24 | Dividend paid are classified under-------------------activities
- Financing
- Investing
- Operating
- Others
Q25 | Cash payment suppliers of goods and services are shown under-------------.
- Operating
- Financing
- Investing
- None of the above