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NEW QUESTION: 1
Which of the following statement is true in reference to Financial & Management Accounting?
Please choose the correct answer.
Response:
A. Management accounting is made on the line of standard & legal requirement whereas financial accounting is made as per the internal requirement of the organization.
B. Financial accounting is for internal management whereas Management accounting is for external management like stockholders, financial institutions, government& tax authorities.
C. Financial accounting reflects the revenue, cost involved in different area whereas
management accounting reflects the profitability of the business.
D. Financial accounting is standard as per legal requirement whereas management accounting is flexible& as per the requirement of the management.
Answer: D
NEW QUESTION: 2
Which of the following elements can be generated by material requirements planning (MRP)?
There are 3 correct answers to this question.
A. Production order
B. Planned order O Purchase order
C. Delivery schedule line
D. Purchase requisition
Answer: B,C,D
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B. Require all new accounts to be handled by someone else other than a teller since they have different duties
C. Administer account creation on a rule based access control approach
D. Require the use of two different passwords held by two different individuals to open an account
Answer: B
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