Q. 8 Which one of the following statements is correct regarding capital Investment appraisal methods? a) The Payback period takes into account all the cash flows accruing to the project b) The Net Present value method does not take the time value of money into account c) The Accounting Rate of Return takes the time value of cash flows into consideration and is the one most often used in practice by business organisations d) The Internal Rate of Return is the discount rate at which the net present value is zero

Q 6

Which of the following describes the purpose of a management accounting system? a) Recording the historical financial transactions of a business b) Preparation of annual financial statement c) Record statements for external stakeholders d) Preparation of plans for the future direction of a business

Q14 4. Budgets identify, gather, summarise, and communicate: a) Financial data only. b) Financial and non-financial data. c) Non-financial data only. d) None of these