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Learn "Management, Financial and Cost Accounting MCQ" App Download with MCQ: In financial accounting, the investors, banks, suppliers and government agencies are classified as; with answers: external parties, internal parties, environmental parties, and transactional parties. Practice Management, Financial and Cost Accounting Quiz Questions, download Apple Book (Free Chapter) for digital business study.

Management, Financial and Cost Accounting MCQs PDF Download – Prep Test

MCQ 1: In financial accounting, the investors, banks, suppliers and government agencies are classified as:

  1. external parties
  2. internal parties
  3. environmental parties
  4. transactional parties

MCQ 2: The type of accounting, which reports financial and non-financial data about the cost of material and acquiring of resources is classified as:

  1. material accounting
  2. cost accounting
  3. supplies accounting
  4. business accounting

MCQ 3: An approach in which the managers use the resources to increase customer value is classified as:

  1. help management
  2. cost management
  3. past management
  4. future management

MCQ 4: The type of accounting which reports to external parties of the organization is known as:

  1. cost accounting
  2. decision accounting
  3. financial accounting
  4. management accounting

MCQ 5: In financial accounting, an emphasis and focus is considered as:

  1. communication oriented
  2. bank oriented
  3. future oriented
  4. past oriented

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