Budgetary Control

Bachelor of Business Administration (BBA),

Bachelor of Banking and Insurance (BBI),

Bachelor of Commerce (B Com)

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This set of Management Accounting Multiple Choice Questions & Answers (MCQs) focuses on Budgetary Control

Q1 | Revision of budgets is…
Q2 | Frequent revision of budgets will…
Q3 | Usually the production budget is stated in terms of…
Q4 | Budget period is the…
Q5 | Budget period depends upon…
Q6 | A key factor is one which restricts…
Q7 | Plant utilization budget and Manufacturing overhead budgets are types of
Q8 | A budgeting process which demands each manager to justify his entire budget indetail from beginning is
Q9 | Budgetary control system facilitates centralized control with…
Q10 | R&D budget and Capital expenditure budget are examples of
Q11 | The scare factors is also known as
Q12 | In Management accounting,emphasis and focus should be
Q13 | What are the characteristics of management accounting?
Q14 | The management accounting can be stated an extension of I)Cost Accounting II)Financial Accounting
Q15 | Management accounting assists the management
Q16 | Which of the following is not the limitation of Management Accounting?I)Developing Stage II)Resistance from Staff III)Lack of wide knowledge IV)Decision Making
Q17 | Data in management accounting is derived from
Q18 | Financial accounting is the art of .I)Classifying II)Interpreting III)Recording IV)Summarising .Write Correct sequence.
Q19 | Which statement is true.I)Cost records are compulsory in all industries. II)Management accounting records are compulsory by law.
Q20 | Which technique used for figures of two or more periods are placed side by side to facilitate easy and meaningful comparisons?
Q21 | Total Assets in 2018 10 lac(Negative );in 2019 15 Lac (Positive).What is the Percentage change?
Q22 | What is treated as the base in common size P& L statement.
Q23 | Working capital=45,000 ,Total Debt=1,00,000 , LT debt=70,000, what is value of Current assets?
Q24 | If Inventory turnover ratio=5 times,what is avg age if inventory?
Q25 | What is formula of Capital employed? I)Shareholder's Funds+Non Current Liabilities II)Total Assets-Current Liabilities III)Non Current Assets-Working capital IV)Total Assets-Total Liabilities
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