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What are its merits? 2 Differentiate Profit and loss account and Profit and loss appropriation account. What is a trial balance? 6. Decision about types of standards to be used, Study of technical details, Study of existing costing system, b). Name the users of accounting records of an organization. Management accounting is used internally within the organization and this is a differentiating feature from financial accounting. 11. google_ad_height = 600; a. List down the advantages of accounting. 25. 22. Please try again. Study of existing costing system, Study of technical details, Decision about types of standards to be used, c). What is Human Resource Accounting? Sample BA5103 Question Bank Accounting For Management: 1 What is a company? google_ad_channel ="8617609856"; ch_client = "slang"; Materials . We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. State the accounting cycle. What is a journal ? The term management accounting was first coined in, Q.2 The purpose of management accounting is to, Q.3 The correct order of process of establishing the standards, is, a). Required fields are marked *. Study of technical details, Study of existing costing system, Decision about types of standards to be used, Q4. What are the different types of liabilities? google_color_url = "AAAAAA"; Clipping is a handy way to collect important slides you want to go back to later. google_color_text = "333333"; CIMA P1 Syllabus – Section B: Budgeting (25%). K12 Educators: Contact your Savvas Learning Company Account General Manager for purchase options. If you wish to opt out, please close your SlideShare account. Distinguish between single entry and double entry system of book-keeping. MAC2601 question bank Best revision questions for exam. 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