Question 1
Which of the following is considered a primary objective of management accounting?
Correct Answer:
To provide information to internal management for decision-making and planning.
Question 2
If a company has a Current Ratio of 2.5 and Current Liabilities of ₹40,000, what are its Current Assets?
Correct Answer:
₹100,000
Question 3
Which ratio indicates the proportion of debt and equity used to finance a company's assets?
Correct Answer:
Debt-Equity Ratio
Question 4
Calculate the Quick Ratio if Current Assets are ₹150,000, Inventory is ₹50,000, Prepaid Expenses are ₹10,000, and Current Liabilities are ₹60,000.
Correct Answer:
1.5:1
Question 5
What is the primary formula for calculating Contribution Margin?
Correct Answer:
Sales - Variable Costs
Question 1
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Prepare with the III IC-89 Practice Questions - III IC-89 Management Accounting Exam practice quiz. This question bank includes 100 questions covering ratio, variance, costs, sales, and profit. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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III IC-89 Practice Questions - III IC-89 Management Accounting Exam

This practice set contains 100 questions from the matching question bank and focuses on ratio, variance, costs, sales, and profit. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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