CBSE Questions for Class 9 Elements Of Book Keeping And Accountancy Introduction To Book Keeping And Accounting Quiz 4 - MCQExams.com

Internal users of accounting information include _______________.
  • Short-Term Creditors
  • Customers
  • Long-term Lenders
  • CEO
The branch of accounts that deals with the calculation of unit cost of services is called.
  • Cost Accounting
  • Management accounting
  • Financial Accounting
  • All of the above
Accounting information is being used by ___________.
  • Customer
  • Researchers
  • Both a & b
  • None of the above
Which of the following is/are the branch of accounting?
(P) Financial Accounting 
(Q) Cost Accounting 
(R) Management Accounting 
Select the correct answer:
  • (P)
  • (Q)
  • (R)
  • All of the above
Users of accounting information include ______________.
  • Tax authorities
  • Investors
  • Creditors
  • All of the above
Which of the following is not characteristic of accounting information?  
  • Understandability
  • Relevance
  • Future transactions
  • Completeness
Which of the following is/are external users of accounting information's?
  • Shareholders/ Investors
  • Creditors
  • Government agencies
  • All of the above
Which of the following is/are characteristics of accounting information? 
  • Understandability
  • Timeliness
  • Completeness
  • All of the above
The basic objective of accounting is ________________.
  • To maintain systematic records of financial transactions
  • To ascertain financial performance
  • To ascertain financial position
  • All of Above
Which of the following is not a sub-field/Branch of Accounting?
  • Cost Accounting.
  • Management Accounting.
  • Social Responsibility Accounting.
  • Automated Accounting.
Which of the following is the example of external users of accounting information ______________.
  • Government
  • Owners
  • Management
  • Employee
External users of accounting information include ______________.
  • Owner
  • Customer
  • Management
  • None of these
Users of accounting information include _____________.
  • Creditors
  • Lenders
  • Customers
  • All of the above
A specialised branch of accounting concerned with the processes and techniques of ascertaining costs of products and services is _______.
  • Financial accounting
  • Budgetary accounting
  • Cost accounting
  • Tax accounting
Financial accounting information is characterized by all of the following except ___________.
  • It is historical in nature
  • It is factual, so it does not require judgement to prepare
  • It results from appropriate measures
  • It is enhanced by managements explanation
Management accounting involves _______________.
  • Preparation of financial statements
  • Analysis and interpretation of data
  • Recording of transactions
  • Preparation of cost statements
  • Both Assertion and Reason are correct and Reason is the correct explanation for Assertion
  • Both Assertion and Reason are correct but Reason is not the correct explanation for Assertion
  • Assertion is correct but Reason is incorrect
  • Assertion is incorrect but Reason is correct
The Branch of Accounting which is concerned with the processing and presenting data for decision making is known as-
  • Common Dollar Accounting
  • Social Accounting
  • Cost Accounting
  • Management Accounting
The main purpose of ___________ accounting is to ascertain profit or loss during a specific period and to show financial position of the business.
  • Financial 
  • Cost 
  • Management 
  • Human resource 
Purpose of accounting is to provide financial information to _________.
  • Shareholders
  • Tax authorities
  • Investors
  • All of these
0:0:1


Answered Not Answered Not Visited Correct : 0 Incorrect : 0

Practice Class 9 Elements Of Book Keeping And Accountancy Quiz Questions and Answers