Management Accounts S.Y.B.COM IMPORTANCES MCQ PDF

 

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Management Accounts

S.Y.B.COM

IMPORTANCES QUESTION BANK

 

1)    Finance is required on _______ basis.

a)    Different

b)    Separate

c)    Continuous

d)    Random

ANS: C

 

2)    Financial management is management of ________ .

a)    Finance

b)    Investment

c)    Dividend

d)    Interest

ANS: A

 

3)    The objective of financial management is ________ maximization.

a)    Profit

b)    Inverse

c)    Direct

d)    Charity

ANS: A

 

4)    Finance is the _______ _________ of an organisation.

a)    Investment

b)    Life blood

c)    Competing

d)    Interest

ANS: B

 

5)    Financial management is concerned with

a)    maximization of production.

b)    Maximization of wealth.

c)    maximization of welfare.

d)    Acquisition of market.

ANS: B

 

6)    Finance deals with

a)    acquisition of funds.

b)    acquisition of manpower.

c)    Acquisition of market.

d)    Acquisition of Raw material.

ANS: A

 

7)    Objective of financial management is

a)    to maximise profits.

b)    to maximise sales.

c)    to maximise production.

d)    To maximize Power

ANS: A

 

 

8)    Financial objective of a firm is

a)    to increase return on investment.

b)    to increase efficiency of organisation.

c)    to increase loyalty of the employees.

d)    To maximize Power

ANS: A

 

 

9)    One of the following is not a function of finance

a)    Investment

b)    Dividend

c)    Financing

d)    Production

ANS: D

 

10) EPS stands for

a)    Expenses per share

b)    Earning per share

c)    Earning per stock

d)    Earning per saving

ANS: B

 

11) Operational information is obtained from _____ sources.

a)    External

b)    a & b

c)    Internal

d)    None of the above

ANS: C

 

12) Strategic information is required by _____ managers.

a)    Bottom

b)    Middle

c)    Top

d)    External

ANS: C

 

 

13) Tactical information is required by _____ managers.

a)    Top

b)    Middle

c)    Bottom

d)    External

ANS: B

14) Operational information is required by _____ managers.

a)    Middle

b)    Top

c)    All

d)    Line

ANS: D

 

 

15) _____ are users of management accounting information.

a)    Creditors

b)    Managers

c)    Shareholders

d)    Governments

ANS: B

 

16) Focus of management accounting is on _____ _____.

a)    Tax planning

b)    Internal Reporting

c)    External Reporting

d)    Market Research

ANS: B

 

17) Strategic information is used by _____managers.

a)    Middle

b)    Senior

c)    Lower

d)    Creditors

ANS: B

 

18) Strategic information is required for_____ planning.

a)    Day to Day operations

b)    Meeting Government Requirements

c)    Long Range Planning

d)    General planning

ANS: C

 

19) Financial Accounting deals with

a)    Determination of cost

b)    Determination of profit

c)    Determination of prices

d)    None of the above

ANS: B

 

20) Inter firm and inter period comparisions are made with the help of

a)    Comparative stage

b)    Common size Statement

c)    Trend analysis

d)    Cash flow statement

ANS: A

 

21) The term financial statement refers to

a)    only income statement

b)    only balance sheet

c)    only Cash flow statement

d)    All of the above

ANS: D

 

22) Owner's funds are equal to _____________

a)    Capital + Reserves & surplus

b)    Fixed Assets

c)    Capital + Reserves & surplus + Loan fund

d)    Total Liabilities

ANS: A

 

23) Following is not quick assets

a)    Stock

b)    Bills receivable

c)    Cash

d)    Bank

ANS: A

 

24) In ___________ year 1 is taken as the base year & figures of all the years compared to base year

a)    Comparative statement

b)    Common size statement

c)    Trend analysis

d)    Cash flow statement

ANS: C

 

 

25) Internal analysis of financial statements is done by

a)    Potential investors

b)    Owners or managers

c)    creditors or lender

d)    government

ANS: B

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