The purpose of management accounting is _________.
To keep systematic records to know financial performance
In order to satisfy the needs of different groups of people interested in the accounting information.
To assist the management in taking rational policy decision.
None of these
The purpose of cost accounting is ___________.
To analyse the expenditure
To assist the management in taking rational policy decisions.
To evaluate the impact of its decisions
Find out the secondary objectives of accounting.
To maintain of records of business transaction
To know the requirements of business at a particular time
To ascertain of profit or loss
To provide information to the users
Business transactions may be classified into _____________.
Three
Two
One
Four
Find out the external users of accounting information those having direct interest.
Potential investors
Regulatory agencies
Employees
Creditors
Excess of expenses over revenue is called __________.
Income
Loss
Gain
Earning from interest is an example of ____________.
Expenditure
Stock
Debtors
Revenue
