Management Accounting Questions and Answers Part-1

1. Statement of cash flows includes
a) Financing Activities
b) Operating Activities
c) Investing Activities
d) All of the Above

Answer: d

2. In cash flows, when a firm invests in fixed assets and short-term financial investments results in
a) Increased Equity
b) Increased Liabilities
c) Decreased Cash
d) Increased Cash

Answer: c

3. A firm that issues stocks and bonds to raise funds results in
a) Decreases Cash
b) Increases Cash
c) Increases Equity
d) Increases Liabilities

Answer: b

4. The purchase value of assets over its serviceable life is categorised as
a) Appreciated Liabilities
b) Appreciated Assets
c) Depreciation
d) Appreciation

Answer: c

5. The basic financial statements include
a) Statement of Cash Flows
b) Statement of Retained Earnings
c) Balance Sheet and Income Statement
d) None of the Above

Answer: d

6. The statement of cash flow clarifies cash flows according to
a) Operating and Non-operating Flows
b) Inflow and Outflow
c) Investing and Non-operating Flows
d) Operating, Investing, and Financing Activities

Answer: d

7. Cash flow example from a financial activity is
a) Purchase of Fixed Asset
b) Receipt of Dividend on Investment
c) Cash Received from Customers
d) Payment of Dividend

Answer: a

8. Cash flow example from an investing activity is
a) Issue of Debenture
b) Repayment of Long-term Loan
c) Purchase of Raw Materials for Cash
d) Sale of Investment by Non-Financial Enterprise

Answer: d

9. Cash flow example from an operating activity is
a) Purchase of Own Debenture
b) Sale of Fixed Assets
c) Interest Paid on Term-deposits by a Bank
d) Issue of Equity Share Capital

Answer: c

10. Which item comes under financial activities in cash flow?
a) Redemption of Preference Share
b) Issue of Preference Share
c) Interest Paid
d) All of the above

Answer: d