Multiple Choice
Which of the following characteristics apply to Financial Accounting,and which apply to Management Accounting?
(i) Required by law
(ii) Historic data
(iii) Information is only available within the organisation
A) (i) applies to Financial Accounting. (ii) and (iii) apply to Management Accounting
B) (i) , (ii) and (iii) apply to Financial Accounting only
C) (i) and (ii) apply to Financial Accounting. (iii) applies to Management Accounting
D) (i) , (ii) and (iii) apply to Management Accounting only
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Knowing the cost of producing a product
Q13: Which of the following statements is false?<br>A)
Q14: Which of the following statements are correct?<br>(i)Financial
Q15: A company rents warehouses for storage.Each warehouse
Q16: In a manufacturing account an inventory adjustment
Q18: A small or new business can cope
Q19: Prime Cost is part of the production
Q20: A company has the following costs of
Q21: Comparing planned costs with actual costs is
Q22: A company uses "Standard Costing".If the standard