Internal Controls Accounting MCQs Test Online PDF Download

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Learn master budget and responsibility accounting practice test MCQs: practice, which makes target more achievable by underestimating revenues or overestimating cost is called, for free online courses with options cost slack, target slack, budgetary slack, revenue slack for online college business degree. Free skills assessment test is for online e-learning internal controls accounting quiz questions for competitive assessment in business majors for colleges and universities' entrance exam preparation. Internal Controls Accounting Video

MCQ 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