Common Half Yearly Examination - December 2021 Quiz
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Questions and Answers

What is the root of the financial accounting system?

  • Social accounting
  • Stewardship accounting (correct)
  • Management accounting
  • Responsibility accounting

    • In India, which institution is responsible for chartered accountants?

  • The Institute of Chartered Accountants of India (correct)
  • Supreme Court of India
  • The Cost and Management Accountants of India
  • Reserve Bank of India

    • Which concept assumes that a business will continue indefinitely?

  • Periodicity
  • Business entity
  • Going concern (correct)
  • Conservatism

    • What type of account is prepaid rent?

    <p>Real account</p> Signup and view all the answers

    What is the maximum marks for the given examination?

    <p>90</p> Signup and view all the answers

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