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

Who is the father of Z theory
A. Mc. Gregor
B. Abraham Maslow
C. William Ouchi (Correct0
D. F W Taylor

Which among the following is a Positional average?

A. Arithmetic Mean
B. Median (Correct)
C. Mode
D. Geometric Mean
E. Harmonic Mean

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?

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. 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?

A. Going concern
B. Business entity (Correct)
C. Accrual
D. Accounting period