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This set of Management Accounting Multiple Choice Questions & Answers (MCQs) focuses on Management Accounting Set 19

Q1 | _________ Accounting becomes a source of information for Management Accounting.
Q2 | Profit and Loss Account debit side includes
Q3 | The following is (are) the indirect labour cost(s)
Q4 | The term management accounting was first coined in
Q5 | Management accounting is(i) Subjective(ii) Objective
Q6 | The management accounting can be stated an extension of(i) Cost Accounting(ii) Financial Accounting(iii) Responsibility Accounting
Q7 | Which of the following is true about management accounting?(i) Management accounting is associated with presentation of accounting data.(ii) Management accounting is extremely sensitive to investors needs.
Q8 | Which of the following are tools of management accounting?(i) Decision accounting(ii) Standard costing(iii) Budgetary control(iv) Human Resources Accounting
Q9 | Management accounting is related with(i) The problem of choice making(ii) Recording of transactions(iii) Cause and effect relationships
Q10 | Who coined the concept of management accounting?
Q11 | Which of the following statements are false about management accounting?(i) Management accounting is concerned with historical events.(ii) Management accounting is related only with such instances which can be expressed in monetary terms.(iii) Management accounting is a part of Financial Management(iv) Management accounting information can be disclosed to outsiders.
Q12 | Management accounting deals with
Q13 | The definition ‘Management Accounting is the presentation of accounting information in such a way as to assist management in the creation of policy and the day-to-day operation of an undertaking.’
Q14 | The prime function of accounting is to:
Q15 | The basic function of management accounting is to:
Q16 | Management accounting involves
Q17 | Management accounting provides invaluable services to management in performing:
Q18 | Cost accounting mainly helps the management in:
Q19 | Variable cost per unit:
Q20 | If the activity level increases 10%, total variable costs will
Q21 | Opportunity cost helps in:
Q22 | Conversion cost is the sum total of:
Q23 | Fixed cost per unit increases when:
Q24 | Cost behaviour analysis is a study of how a firm's costs
Q25 | Cash Flow Statement is also known as