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Questions and Answers
What is the root of the financial accounting system?
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?
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?
Which concept assumes that a business will continue indefinitely?
- Periodicity
- Business entity
- Going concern (correct)
- Conservatism
What type of account is prepaid rent?
What type of account is prepaid rent?
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What is the maximum marks for the given examination?
What is the maximum marks for the given examination?
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