One is : It is useful for increasing your reasoning in accounting.
Second is : By checking old reference of accounting topic, you can improve your accounting again if you had forgotten to study that accounting topics.
Question 1. Which tools of management accounting is useful for check the solvency of company?
(a) Budgetary Control
(b) Decision Accounting
(c) MIS
(d) Analysis of Financial Statements
Reference for answer this multiple choice question : Tools of Management Accounting
Question 2. Which is the advantage of management accounting?
(a) To make financial statements
(b) To simplify the financial statements
(c) To combine two or more financial statements for making consolidated financial statement
(d) To Spit many years financial statements in yearly financial statements.
Reference for answer this multiple choice question : Advantages of Management Accounting
Question 3. What is main function of management accounting?
(a) Fund flow analysis
(b) Social cost and benefit analysis of a project
(c) Forex management
(d) To take managerial decisions
Reference for answer this multiple choice question : Functions of Management Accounting
Question 4. What is Arrears?
(a) It is advance payment
(b) It is payable amount before due date.
(c) It is unpaid payment or debt on its due date
(d) It is difference between advance payment and payable amount
Reference for answer this multiple choice question : Arrears
Question 5. What is Aging of Accounts?
(a) It is to classify the transactions.
(b) It is to classify the accounts on the basis of nature of company.
(c) It is to classify the accounts on the basis of different ledgers.
(d) It is to classify the accounts on the basis of billing or due date.
Reference for answer this multiple choice question : What is Aging of Accounts?
Question 6. What is Adjunct Account?
(a) It is liability account.
(b) It is asset account.
(c) It is expense account.
(d) It is income account.
Reference for answer this multiple choice question : What is Adjunct Account?
Question 7. Formula for Calculating Cash from Operations
(a) Net Profit + non cash and non -operating items which are debited in profit and loss account - Cash and Operating items which are credited in profit and loss account
(b) Cash sales - ( Cash purchase + Cash operating expenses )
(c) Cash Sales - Credit Purchase - Non Cash and Non-operating expenses.
(d) Credit Sales - Cash purchase - cash operating expenses
Reference for answer this multiple choice question : How to Calculate Cash from Operations
Question 8. Is Depreciation a source of Fund?
(a) Yes
(b) No
(c) Question of Debate
(d) Depreciation on all assets is source of fund except depreciation on furniture.
Reference for answer this multiple choice question : Is Depreciation a source of Fund
Question 9. How to Record Accounting Data in mobile Google Docs?
(a) By clicking + Add
(b) By clicking - Add
(c) By clicking + New
(d) By Clicking - New
Reference for answer this multiple choice question : How to Use Spreadsheet of Google Docs in Mobile
Question 10. Why was Accounting Education started?
(a) To help the students, accountants and others
(b) To share accounting, finance and educational knowledge
(c) To solve accounting problems
(d) All of above
Reference for answer this multiple choice question : Prof. Vinod Kumar Interview with News Media
Related : Accounting Test Online
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