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

Related Mcqs:

1. The type of accounting which measures, reports and analysis of the non-financial and financial information to help in decision making is called _____________?

   A. financial accounting
   B. management accounting
   C. cost accounting
   D. decision accounting

2. In cost accounting, the financial way of charging price for product above the cost, of acquiring or producing the goods is known as ___________?

   A. sales margin
   B. cost margin
   C. Gross margin
   D. income margin

3. The type of accounting which reports to external parties of the organization is known as ____________?

   A. cost accounting
   B. decision accounting
   C. financial accounting
   D. management accounting

4. In value chain analysis, the coordination, acquiring and assembling of resources to produce a product is classified as _____________?

   A. resourcing
   B. value acquiring
   C. production
   D. value acquaintance

5. The process of analyzing and reviewing financial records to check the integrity of company financial reports is called __________?

   A. internal audit
   B. external audit
   C. functional audit
   D. treasury audit

6. An accounting which records and measures the business transactions and is followed by generally accepted accounting principles is classified as ____________?

   A. external accounting
   B. internal accounting
   C. business accounting
   D. financial accounting

7. In production volume variance, an acquiring fixed cost such as equipment and plant lease is known as ____________?

   A. lump sum price amount
   B. lump sum fixed cost
   C. lump sum variable cost
   D. lump sum manufacturing cost

8. In accounting, the cost incurred in past or in historical financial statements is classified as ________?

   A. actual cost
   B. budgeted cost
   C. past cost
   D. incurred cost

9. According to accounting system the collection of cost data, in an organized way is classified as ___________?

   A. system accumulation
   B. accumulated data
   C. cost accumulation
   D. organized accumulation

10. The non-financial and financial aspects of the plan by the company management, is classified as ___________?

    A. complexity
    B. process
    C. budget
    D. batching