Which of the following Accounting Standards relates to accounting for fixed assets ? (in India)
Which of the following Accounting Standards relates to accounting for fixed assets ? (in India)
(A) AS 3
(B) AS 10
(C) AS 14
(D) AS 16
Answer.B
Commerce MCQs
The given Commerce MCQs include all concepts about this field.
Accounting Standard Board issuing Accounting Standards in India belongs to-
Accounting Standard Board issuing Accounting Standards in India belongs to-
(A) Ministry of Finance
(B) Company Law Board
(C) The Institute of Chartered Accountants of India
(D) None of the above
Answer.C
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Commerce MCQsThe Institute of Chartered Accountants of India was established in the year—
The Institute of Chartered Accountants of India was established in the year—
(A) 1947
(B) 1949
(C) 1951
(D) 1956
Answer.B
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Commerce MCQsAccounting is?
Accounting is?
(A) An Art
(B) A Science
(C) A Profession
(D) All of these
Answer.D
Who is the father of Z theory
Who is the father of Z theory
A. Mc. Gregor
B. Abraham Maslow
C. William Ouchi (Correct0
D. F W Taylor
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Commerce MCQsWhich among the following is a Positional average?
Which among the following is a Positional average?
A. Arithmetic Mean
B. Median (Correct)
C. Mode
D. Geometric Mean
E. Harmonic Mean
Which among the following is a Positional average? Read More »
Commerce MCQsWhich act restricts the maximum number of partners in a partnership firm that carries banking business to 10 persons? (in India)
Which act restricts the maximum number of partners in a partnership firm that carries banking business to 10 persons? (in India)
A. Partnership Act 1932
B. Banking Regulation Act 1949
C. Companies Act 1956 (Correct)
D. Income Tax Act 1961
In which costing system future costs are considered and expressed in present-day value by applying discount rate?
In which costing system future costs are considered and expressed in present-day value by applying discount rate?
A. Life Cycle Costing (Correct)
B. ABC (Activity Based Costing
C. Absorption Costing
D. Standard Costing
A company promotes a product by giving T shirts with logo of a sports event, without sponsoring that sports event officially. This is an example of —-
A company promotes a product by giving T shirts with logo of a sports event, without sponsoring that sports event officially. This is an example of —-
A. Attack Marketing
B. Ambush Marketing (Correct)
C. Mega Marketing
D. Meta Marketing
Accumulated profit is shown as a liability in the balance sheet. Which accounting concept is behind such a treatment?
Accumulated profit is shown as a liability in the balance sheet. Which accounting concept is behind such a treatment?
A. Going concern
B. Business entity (Correct)
C. Accrual
D. Accounting period