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Management Accounting

IM PORTANT QU ESTIONS
Two Marks Questions

1. Zero Based Budgeting.


2. Limiting Factor.
3. Angle of Incidence.
4. Margin of Safety.
5. Responsibility Centre.
6. Standard Cost.
7. Material Mix Variance.
8. Labour Efficiency Variance.
9. Assumptions of Marginal Costing.
10. Master Budget.
Five Marks Questions

1. Difference between Financial Accounting and


Management Accounting.
2. Difference between Cost Accounting & Management
Accounting
3. Budgetary Control-Advantages.
4. Difference between Marginal Costing and Absorption
Costing.
5. Difference between Standard Costing and Budgetary
Control.
6. Break Even Chart
7. Flexible Budget
8. Advantages of Cash Budget
Ten Marks Questions

1. Meaning of Management Accounting-Advantages-


Limitations-Scope.
2. Applications of Marginal Costing Techniques.
3. Advantages of Responsibility Accounting. Types of
Responsibility Centres.

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