Internal Controls Accounting MCQs Quiz Online PDF Download

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MCQs on Internal Controls AccountingQuiz PDF Download

MCQ: Budgeted income statement and supporting budget schedules are categorized under

  1. focused statement
  2. slack statement
  3. budgeted income statement
  4. operating budget

D

MCQ: Practice, which makes target more achievable by underestimating revenues or overestimating cost is called

  1. cost slack
  2. target slack
  3. budgetary slack
  4. revenue slack

C

MCQ: better administration of budget in budgeting plans require

  1. intelligent interpretations
  2. participation
  3. persuasion
  4. all of above

D

MCQ: Compelling strategic plan, promoting coordination and providing framework of performance are

  1. advantages of budget
  2. disadvantages of budget
  3. advantages of costing method
  4. disadvantages of costing method

A

MCQ: Master budget includes all projections of company's budget and focuses on

  1. serial correlation
  2. marketing plan
  3. financial plan
  4. both B and C

D