Question

1. The primary goal of management accounting is to _________

a) Interpret the financial data

b) Record all business transactions

c) Analysis of financial data

d) Provide information for planning, decision making etc..

2. Trend analysis is significant for ________

a) Profit planning b) forecasting & budgeting

c) Working capital management d) capital rationing

3. Cash flow statement facilitates analysis of _________

a) Liquidity b) long term solvency c) profitability

d) Capital structure

4. The formula for margin of safety is _______

a) Present sales – BEP sales b) profit/PV ratio

c) Both (a) & (b) d) profit/sales

5. Which of the following is not a functional budget?

a) Flexible budget b) Purchase budget c) Sales budget

d) Production budget

6. The use of management accounting is ________

7. Cash flow means inflow and _______ cash during accounting

period.

8. Cash inflows are otherwise called as _________

9. Cost incurred to produce one more additional units are called as ______

10. Master budget incorporates all _______ budgets.
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Answer 1

Answer:

1 st question answer is c

Answer 2

Explanation:

1. (d). Provide information for planning, decision making etc.

2.(b). Forecasting and Budgeting

3.(b). Long term solvency

4.(a). Present sales – BEP sales b) profit/PV ratio

5.(a). Flexible budget

6. The use of Management Accounting is to creates statements and reports

7. Cash flow means inflow and outflow of cash during accounting.

8. Cash Inflows are otherwise called as entry.

9. Cost incurred to produce one more additional units are called as Marginal cost.

10. Master budget incorporates all Financial and Low level budgets.