Chapter: Introduction
1.

………………………Accounting is concerned with measurement of the cost and value of people for the organization.

A. financial accounting
B. management accounting
C. corporate accounting
D. human resource accounting
Answer» D. human resource accounting
2.

The important objective of …………………..accounting is to organize the accumulated financial data into meaningful information.

A. financial accounting
B. management accounting
C. corporate accounting
D. human resource accounting
Answer» A. financial accounting
3.

……………………..accounting is the adoption and analysis of accounting
information and its diagnosis and explanation in such a way so as to assist the
decision -makers.

A. financial accounting
B. management accounting
C. corporate accounting
D. human resource accounting
Answer» B. management accounting
4.

Planning is that function of ……………………..which requires an efficient system of decision – making.

A. finance
B. management
C. h.r
D. administration.
Answer» B. management
5.

…………………..costs are pre-determined targets adainst which actual results are evaluated.

A. marginal
B. standard
C. actual
D. budgeted
Answer» B. standard
6.

Financial Accounting data is primarily meant for …………………

A. external users
B. internal users
C. employees
D. bank
Answer» A. external users
7.

Cost Accountant should report to the ……………management.

A. top
B. middle.
C. administration
D. lower
Answer» A. top
8.

The transaction which increase working capital are ………….. of funds

A. sources
B. application
C. utilization
D. diversion
Answer» A. sources
9.

Management accounting begins where………………. accounting ends.

A. financial accounting
B. management accounting
C. cost accounting
D. human resource accounting
Answer» C. cost accounting
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