Exam: Management Accounting
Exam: Management Accounting
Questions and Answers:
1 current asset
2 fictious asset
3 manufacturing
4 administration
5 income statement balance sheet and cash flow statement
6 assests and liability
7 it lists down the balance of account
8 account balances are correct
9 at the end of accounting period
10 complete ommision of transaction
11 accrued expenses account
12 professional accounting bodies
13 practicablity
14 conservatism
15 cost
16 understatement of asset
17 business entity
18 accounts payable
19 going concern entity
20 going concern entity
21 going concern entity
22 decreased cash
23 increased equity
24 money measurement entity
25 break even point
26 margin of safety
27 working capital
28 drawing
29 decision making
30 financial position
31 acid test ratio
32 fixed asset
33 true
34 true
35 false
36 true
37 true
38 true
39 true
40 false
41 determination of cost of products AND determination of cost of services
42 creditors AND shareholders
43 preparation of financial statements AND show the financial position of company
44 external reporting AND internal reporting
45 profit and loss acount AND balance sheet
46 journal entry
47 Leasing and managing rental property
48 accounting functional
49 recording of transaction
50 montly AND chronological order
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