State whether the following statements are True or False (Any Ten). Rewrite the following sentences choosing the correct answer (Attempt any 10).
Understand the Problem
The question pertains to financial accounting, specifically asking students to assess true or false statements related to accounting principles and practices, as well as to rewrite sentences by selecting correct options. It involves understanding fundamental concepts in financial accounting and adhering to the provisions of the Companies Act.
Answer
1(A) 1. True, 2. False, 3. True, 4. False, 5. False, 6. True, 7. False, 8. True, 9. False, 10. True, 11. False. 1(B) 1. Trade Receivables, 2. 66, 3. Fully, 4. Cost, 5. Greek, 6. ICAI, 7. Profit & Loss, 8. 25%, 9. Debited.
1(A) 1. True, 2. False, 3. True, 4. False, 5. False, 6. True, 7. False, 8. True, 9. False, 10. True, 11. False. 1(B) 1. Trade Receivables, 2. 66, 3. Fully, 4. Cost, 5. Greek, 6. ICAI, 7. Profit & Loss, 8. 25%, 9. Debited.
Answer for screen readers
1(A) 1. True, 2. False, 3. True, 4. False, 5. False, 6. True, 7. False, 8. True, 9. False, 10. True, 11. False. 1(B) 1. Trade Receivables, 2. 66, 3. Fully, 4. Cost, 5. Greek, 6. ICAI, 7. Profit & Loss, 8. 25%, 9. Debited.
More Information
These answers reflect common accounting and business practices. Be sure to verify with the latest legal regulations and standards for accuracy.
Tips
Common mistakes include misunderstanding the legal requirements for CSR spending and misclassification of liabilities and expenses in financial statements.
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