BCA10

When was the term Management Accounting coined?

• 1970

• 1950

•  1940

•  1931

What is the main objective of management accounting?

• To identify and analyse the result of business operations.

• To study business transactions

• To check and maintain accounting records

• To remind the amount due to customers 

Which personnel of a financial firm play a key role in management accounting?

• Investors

• Managers

• Suppliers

• Customers

What are the instruments/ tools related to management accounting?

• Marginal costing

• Standard costing

• Budget control

• All of the above

Where is management accounting applied?

• Small trading organisations

• NPOs

• Cooperative societies

• Large industrial and trading organisations

Who discovered the term Management Accounting?

• R. N Carter

• James H Bliss

• Philip Cotler

• F.W. Taylor

What is the main function of management accounting?

• Decision making

• Planning

• Direction

• Provision of information to management

Which of the following options is not characteristic of management accounting? 

• Future-oriented

• Accounting information

• Compulsory accounting

• Management oriented 

Management accounting is used as …………

• Compulsory

• Optional

• Mandatory

• Any of the above