Setting the company's profit targets for the upcoming year is an example of the management function of

Related MCQs

• 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.
• Net Profit during the year ₹ 1,00,000 Debtors in the beginning the year of ₹ 30,000 Debtors at the end of the year ₹ 36,000 What is the amount of Cash From Operating Activities?
• Which items are added in Current year profit to get Net profit before tax. I)Interim dividend II)Provision for tax III)Refund of tax IV)Transfer to reserves
• …………………..costs are pre-determined targets adainst which actual results are evaluated.
• Monitoring the number of defects produced is an example of the management function of
• If sales is Rs 5,00,000 & net profit is Rs 1,20,000 Net profit ratio is
• A firm has Capital of Rs. 10,00,000; Sales of Rs. 5,00,000; Gross Profit of Rs. 2,00,000 and Expenses of Rs.1,00,000. What is the Net Profit Ratio?
• If sales is Rs 5, 00,000 and net profit is Rs 1, 20,000 Net Profit ratio is
• Given Sales is Rs.2,40,000 and Gross Profit is 60,000, the Gross Profit Ratio is
• A firm has Capital of Rs. 10,00,000; Sales of Rs. 5,00,000; Gross Profit of Rs. 2,00,000 and Expenses of Rs. 1,00,000. What is the Net Profit Ratio?