MCQ on Fund Flow Statement: Check the below Corporate and Management Accounting MCQ on Fund Flow Statement with Answers Pdf free download. Corporate and Management Accounting MCQ on Fund Flow Statement Questions for Corporate and Management Accounting with Answers were prepared based on the latest exam pattern. We have provided Corporate and Management Accounting MCQ on Fund Flow Statement with Answers to help students understand the concept very well. Students should practice CS Executive MCQ on Fund Flow Statement Questions with Answers based on the latest syllabus.

MCQ on Fund Flow Statement

1. Which of the following is not applied in Management Accounting?
(A) Comparative Statement
(B) Managerial reporting
(C) Double-entry system
(D) Operation research

2. Management accounting and cost accounting are ____ to each other.
(A) Complementary
(B) Supplementary
(C) Opposite
(D) Independent

3. If provision for taxation is treated as a current liability, then payment of tax is
(A) An application of funds
(B) A source of funds
(C) No flow of funds
(D) None of the above

4. Management Accounting aims at:
(A) Presentation of accounting information
(B) Assist in long-term planning
(C) Assist in day to day activities
(D) All of the above

5. Which of the following results in a decrease in working capital ?
(A) Goods sold on credit
(B) Decrease in current liabilities
(C) Decrease in current assets
(D) Increase in current assets

6. Management accounting works on the output of:
(A) Financial accounting
(B) Cost Accounting
(C) Statistics
(D) All of the above

7. Which of the following statement is not true ?
(A) Fund flow statement is also known as the statement of sources and application of funds
(B) Fund is equal to current assets minus current liabilities
(C) There is an inverse relationship between current assets and working capital
(D) Fund flow statement is prepared on an accrual basis

8. In Management Accounting, analysis of accounting data are carried out with the help of:
(A) Tools and Techniques
(B) Statutory Forms
(C) Auditors
(D) Legal provisions

9. Which of the following statement is correct?
(A) A decrease in current liability during the year results in an increase in working capital
(B) Only non-cash expenses are added to net profit to find out funds from operations
(C) Conversion of debentures into equity shares appears in the fund flow statement
(D) Collection of debtors is a source of funds

10. In the fund flow statement, the flow of fund will occur when a transaction is happened between:
(A) Current Assets & Current Liabilities
(B) Non-current Assets & Non-cur-rent Liabilities
(C) Current Assets & Non-current Assets
(D) All of the above

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By Team Learning Mantras