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Management Accounting Practice Test
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Avg score: 56% • Most missed: “Total sales Rs. 20,00,000; Fixed expenses Rs. 4,00,000; P/V Ratio 40 percent Bre…”

In management accounting or managerial accounting, managers use accounting information in decision-making and to assist in the management and performance of their control functions.

Example of management accounting: If a manufacturer was planning to open a new production facility, they would first need to determine the total cost of the project and the expected ROI.

Management Accounting Practice Test
Time left 00:00
25 Questions

1. A cash flow statement is a statement which portrays the changes in the cash position between _______.
2. An ideal debt-equity ratio is________.
3. Which one is the main reason for the introduction og management accounting?
4. Selling price per unit Rs. 10; Variable cost Rs. 8 per unit; Fixed cost Rs. 20,000; Break-even production in units _______.
5. If the P/V Ratio of a product is 30 percent and selling price is Rs. 25 per unit, the marginal cost of the product would be ___________.
6. Turnover ratio is also known as ___________.
7. Financial statements are classified into _____ statements.
8. P/V Ratio is an indicator of ________.
9. Management accounting information is used by _______.
10. Angle of incidence is ________.
11. Depreciation on fixed assets is _________.
12. Management accounting involves
13. The term ‘cash’ in the context of cash flow analysis includes the ‘cash balance’ and the __________.
14. Sales Rs. 25,000; Variable cost Rs. 8,000; Fixed cost Rs. 5,000; Break-even sales in value ________.
15. Fixed cost Rs. 2,00,000; Sales Rs. 8,00,000; P/V Ratio 30%; the amount of’ profit is________.
16. Absorption costing differs from marginal costing is the ________.
17. In common size income statement analysis, which is taken as 100 percent?
18. P/V ratio means __________.
19. In funds flow statement, sale of fixed assets is ___________.
20. All those assets which are converted into cash in the normal course of business within one year are known as _________.
21. Prepaid expenses is an example of _________.
22. In fund flow statement, Increase in debtors is ___________.
23. Margin of Safety is the difference between _______.
24. Formula for Calculating Cash from Operations
25. Cash flow analysis is based on the ______.

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