(i) Rules of conduct are accepted universally to record business transactions.

(i) Rules of conduct are accepted universally to record business transactions.
by

1 Answer

Answer :

Give the word term or phrase which can substitute each of the following statement : (i) ... transactions are only recorded in the books of accounts
by
selected by

Related questions

Disadvantages of e-Commerce in India are (i) internet access is not universally available (ii) Credit card payment security is not yet guaranteed (iii) Transactions are de-personalized and human contact is missing (iv) Cyberlaws are not in place a. i and ii b. ii and iii c. i, ii, iii d. i, ii, iii, iv

Description : Disadvantages of e-Commerce in India are  (i) internet access is not universally available  (ii) Credit card payment security is not yet guaranteed  (iii) Transactions are de-personalized and human contact is missing  (iv) Cyberlaws ... i and ii b. ii and iii c. i, ii, iii d. i, ii, iii, iv

Last Answer : c. i, ii, iii  

Why did it become almost universally accepted women should have long hair?

Description : Why did it become almost universally accepted women should have long hair?

Last Answer : Probably became practical thousands of years ago for men to have their hair short whilst hunting/working which was sort of sustained until now-a-days. As for why women not doing the same, no idea. Perhaps ... 't feel the need as it probably would be easier to not cut their hair in ye oldey times.

Which of the following terms has been defined by the American Psychiatric Association as a group of behavioral or psychological symptoms or a pattern that manifests itself in significant distress, impaired functioning, or accentuated risk of enduring severe suffering or possible death? a) Mental disorder The definition was adopted by the American Psychiatric Association in 1994. b) Emotional disorder There is no universally accepted definition of what constitutes an emotional disorder. c) Anxiety Anxiety is defined as fear of the unknown. d) Schizophrenia Schizophrenia is a specific disorder characterized by psychosis.

Description : Which of the following terms has been defined by the American Psychiatric Association as a group of behavioral or psychological symptoms or a pattern that manifests itself in significant distress ... of the unknown. d) Schizophrenia Schizophrenia is a specific disorder characterized by psychosis.

Last Answer : a) Mental disorder The definition was adopted by the American Psychiatric Association in 1994.

Which of the following is the most universally accepted and sensitive indicator of the whole population and the socio-economic condition under which they live Options: 1) Disability Rate 2) Infant Mortality Rate 3) Under-5 Proportionate Mortality Rate 4) Life Expectancy

Description : Which of the following is the most universally accepted and sensitive indicator of the whole population and the socio-economic condition under which they live Options: 1) Disability Rate 2) Infant Mortality Rate 3) Under-5 Proportionate Mortality Rate 4) Life Expectancy

Last Answer : Correct Answer: 2) Infant Mortality Rate

Ethical universalism is defined as A. there being no universal set of ethical standards B. giving preference to one's own ethical values C. A set of universally accepted and valid ethical standards D. what is right is synonymous with what is legal E. moderation in all things

Description : Ethical universalism is defined as A. there being no universal set of ethical standards B. giving preference to one's own ethical values C. A set of universally accepted and valid ethical standards D. what is right is synonymous with what is legal E. moderation in all things

Last Answer : D. what is right is synonymous with what is legal

……….. allows customers to conduct financial transactions on a secure Website. -Technology

Description : ……….. allows customers to conduct financial transactions on a secure Website. -Technology

Last Answer : E-banking allows customers to conduct financial transactions on a secure Website.

Generally accepted accounting principles (GAAP) are distinguished from generally accepted auditing standards (GAAS) in that: a. GAAP are the principles auditors follow when conducting an audit, while GAAS are the standards for presentation of financial statements and underlying transactions. b. GAAP are the principles for presentation of financial statements and underlying transactions, while GAAS are the standards that the auditors should follow when conducting an audit. c. When GAAP are violated, sufficiently strong GAAS may make up for most GAAP deficiencies. d. GAAP are promulgated by the SEC, while GAAS are promulgated by the PFRC

Description : Generally accepted accounting principles (GAAP) are distinguished from generally accepted auditing standards (GAAS) in that: a. GAAP are the principles auditors follow when conducting an audit, while GAAS ... deficiencies. d. GAAP are promulgated by the SEC, while GAAS are promulgated by the PFRC

Last Answer : GAAP are the principles for presentation of financial statements and underlying transactions, while GAAS are the standards that the auditors should follow when conducting an audit.

Most auditors assess inherent risk as high for related parties and related-party transactions because a. Of the accounting disclosure requirement. b. Of the lack of independence between the parties. c. Both a and b. d. It is required by generally accepted accounting principles

Description : Most auditors assess inherent risk as high for related parties and related-party transactions because a. Of the accounting disclosure requirement. b. Of the lack of independence between the parties. c. Both a and b. d. It is required by generally accepted accounting principles

Last Answer : Both a and b

Transactions with related parties are important to the auditors because they will be disclosed in the financial statements if material. Generally accepted accounting principles would not require disclosure of a. Loans to officers during the year which had been repaid before the balance sheet date. b. The nature of the related-party relationship. c. A description of transactions, including peso amounts. d. The amounts due from and to related parties

Description : Transactions with related parties are important to the auditors because they will be disclosed in the financial statements if material. Generally accepted accounting principles would not require disclosure of ... transactions, including peso amounts. d. The amounts due from and to related parties

Last Answer : Loans to officers during the year which had been repaid before the balance sheet date

The Code of Professional Conduct would be violated if a member accepted a fee for services and the fee was a. Fixed by a public authority. b. Based on a price quotation submitted in competitive bidding. c. Based on the result of judicial proceedings. d. Payable after a specified finding was attained

Description : The Code of Professional Conduct would be violated if a member accepted a fee for services and the fee was a. Fixed by a public authority. b. Based on a price quotation submitted in competitive bidding. c. Based on the result of judicial proceedings. d. Payable after a specified finding was attained

Last Answer : Payable after a specified finding was attained

The Code of Professional Conduct would be violated if a member accepted a fee for services and the fee was a. Fixed by a public authority. b. Based on a price quotation submitted in competitive bidding. c. Based on the result of judicial proceedings. d. Payable after a specified finding was attained

Description : The Code of Professional Conduct would be violated if a member accepted a fee for services and the fee was a. Fixed by a public authority. b. Based on a price quotation submitted in competitive bidding. c. Based on the result of judicial proceedings. d. Payable after a specified finding was attained

Last Answer : Payable after a specified finding was attained

Which of the following is one of the functions of Quality Review Committee: a. To promulgate accounting and auditing standards that will be generally accepted in the Philippines. b. To conduct a review on applicants for registration to practice public accountancy and render a report which shall be attached to the application for registration. c. To adopt a Code of Ethics for the practice of accountancy. d. To evaluate periodically the performance of educational institutions offering accountancy education.

Description : Which of the following is one of the functions of Quality Review Committee: a. To promulgate accounting and auditing standards that will be generally accepted in the Philippines. ... accountancy. d. To evaluate periodically the performance of educational institutions offering accountancy education.

Last Answer : To conduct a review on applicants for registration to practice public accountancy and render a report which shall be attached to the application for registration.

Choose one of the following which would describe best the phrase "generally accepted auditing standards": a. They identify the policies and procedures for the conduct of the audit. b. They define the nature and extent of the auditor's responsibilities. c. They provide guidance to the auditor with respect to planning the audit and writing the audit report. d. They set forth a measure a measure of the quality of the performance of audit procedures.

Description : Choose one of the following which would describe best the phrase "generally accepted auditing standards": a. They identify the policies and procedures for the conduct of the audit. b. They define the ... d. They set forth a measure a measure of the quality of the performance of audit procedures.

Last Answer : They set forth a measure a measure of the quality of the performance of audit procedures.

In a world so divided by race, religion, political beliefs, etc., who is someone that is universally hated?

Description : In a world so divided by race, religion, political beliefs, etc., who is someone that is universally hated?

Last Answer : Probably me if I had to guess.

Engineers: Why isn't a roll pin lock used universally for linking to a motor shaft?

Description : Engineers: Why isn't a roll pin lock used universally for linking to a motor shaft?

Last Answer : A solid pin has less give and has more resistance to shearing than a roll pin. Less vibration, less movement between the separate pieces means less wear.

Who’s a music artist that is so universally loved, you can’t criticise them out of fear of being attacked?

Description : Who’s a music artist that is so universally loved, you can’t criticise them out of fear of being attacked?

Last Answer : The Foo Fighters and anything Dave Grohl is involved in.

Is it universally consistent that wherever the Metric system is used, temperature is registered in Celsius, and wherever the Imperial system (feet, inches, miles) is used, the Fahrenheit system is used? Are there any exceptions?

Description : Is it universally consistent that wherever the Metric system is used, temperature is registered in Celsius, and wherever the Imperial system (feet, inches, miles) is used, the Fahrenheit system is used? Are there any exceptions?

Last Answer : According to Wikipedia , Celsius is used by all countries except the United States, the Bahamas, Belize, the Cayman Islands and Liberia. According to the CIA , At this time, only three countries ... Metric would be Burma. Perhaps related, the CIA is still calling Burma Burma rather than Myanmar.

Why is the quality of toasters so universally poor?

Description : Why is the quality of toasters so universally poor?

Last Answer : Most of the toasters on the store shelves in the U.S. are made in China. IMO, the best are made in Germany by Braun. If I want good kitchen equipment, I shop at a professional restaurant ... if you don't have a tax number. Even their used equipment is high quality and nearly indestructible. .

Are there smells that are universally pleasant to humans?

Description : Are there smells that are universally pleasant to humans?

Last Answer : Do you ever expect 100 percent of people to agree on anything?

If beauty is in the eye of the beholder, why are some people considered universally beautiful?

Description : If beauty is in the eye of the beholder, why are some people considered universally beautiful?

Last Answer : answer:Beauty in the eye of the beholder is generally a situation where someone finds something beautiful that is usually not regarded as such. Just because someone considers something beautiful (when ... different opinions. How could we all agree that the same object/person/thing is beautiful?

Why are we humans - seemingly universally - fascinated by theater?

Description : Why are we humans - seemingly universally - fascinated by theater?

Last Answer : I've not attended many theatrical productions, but I have attended many storytelling festivals. I can think of no other way to touch others in every sense, spiritually, emotionally, and even physically. It's the ... few props. She was awesome, and they loved it. My oldest child at the time was 12.

How is it that it seems that more than a few poor people in America are fat, but poor people elsewhere in the world are universally skinny?

Description : How is it that it seems that more than a few poor people in America are fat, but poor people elsewhere in the world are universally skinny?

Last Answer : The poor buy food that is crap and offers the least nutrition. It's cheap. But so are rich people cheap. so why don't they cash in on the junk and Make money while eating? Some do but they aren' ... or bad. About as politically correct you all will ever see me here so take that with a grain of salt.

Which books are near-universally read for (non-religious) education purposes? Have you read them?

Description : Which books are near-universally read for (non-religious) education purposes? Have you read them?

Last Answer : answer:I either read or was supposed to read all of those. Mockingbird and Catcher bored me to tears so I gave up. Not really into American literature, I guess. Gatsby was OK. Other required reading included The Odyssey, The Canterbury Tales (but not The Decameron, which angered me), and 1984.

What is the most universally inspiring moment in human history?

Description : What is the most universally inspiring moment in human history?

Last Answer : The Tunisian student who recently burned himself to death in protest and started the Arab Spring.

Should female genital mutilation be universally banned - if possible?

Description : Should female genital mutilation be universally banned - if possible?

Last Answer : Like with many of these matters, legal banning doesn't imply elimination of practice - there needs to be more money put into education and eradicating certain notions - I know there are organizations made up of ex- ... can't tell her not to do it but when it comes to children, I abhor the practice.

Which Disney character would you consider the most universally loved?

Description : Which Disney character would you consider the most universally loved?

Last Answer : Ariel from The Little Mermaid. Maybe Nemo

Does nodding your head up and down universally mean "yes"?

Description : Does nodding your head up and down universally mean "yes"?

Last Answer : answer:“In many cultures, it is most commonly, but not universally, used to indicate agreement, acceptance, or acknowledgment.” http://en.wikipedia.org/wiki/Nod_(gesture)

What things are universally loved?

Description : What things are universally loved?

Last Answer : Oxygen

There is one word in the English language which is universally considered a preventive of harm; change a certain letter in it, and you make it an act of cruelty. What are the words? -Riddles

Description : There is one word in the English language which is universally considered a preventive of harm; change a certain letter in it, and you make it an act of cruelty. What are the words? -Riddles

Last Answer : Prescription—proscription.

Are computer keyboards universally compatible?

Description : Are computer keyboards universally compatible?

Last Answer : Yes most keyboards are universally compatible, although there are a few exceptions that might only work with certain brand computers or operating systems, but it would be stated on the packaging if that is the case.

What dress style is universally flattering on all woman?

Description : What dress style is universally flattering on all woman?

Last Answer : An empire style dress is flattering for every body type.

Which one among the following statements regarding the constitutionally guaranteed Right to Education in India is correct? (1) This right covers both child and adult illiteracy and therefore, universally guarantees education to all citizens of India (2) This right is a child right covering the age group of 6 to 14 years and becomes operational from the year 2015 (3) This right has been taken from the British Constitution which was the first Welfare State in the world (4) This right has been given to all Indian children between the ages of 6 to 14 years under the 86th Constitutional Amendment Act

Description : Which one among the following statements regarding the constitutionally guaranteed Right to Education in India is correct? (1) This right covers both child and adult illiteracy and therefore, universally ... children between the ages of 6 to 14 years under the 86th Constitutional Amendment Act

Last Answer : (4) This right has been given to all Indian children between the ages of 6 to 14 years under the 86th Constitutional Amendment Act Explanation: The 86th amendment to the Constitution approved ... notified. It included Article 21(1) in the Indian constitution making education a fundamental right.

Which of the following is universally employed as the low expansion metal in the bimetallic thermometer, which is an iron-nickel alloy containing 36% nickel and has very low co-efficient of expansion (1/20th of ordinary metals) ? (A) Invar (B) Constantan (C) Chromel (D) Alumel

Description : Which of the following is universally employed as the low expansion metal in the bimetallic thermometer, which is an iron-nickel alloy containing 36% nickel and has very low co-efficient of expansion (1/20th of ordinary metals) ? (A) Invar (B) Constantan (C) Chromel (D) Alumel

Last Answer : (A) Invar

What is the condition of variables in first-order literals? a) Existentially quantified b) Universally quantified c) Both Existentially & Universally quantified d) None of the mentioned

Description : What is the condition of variables in first-order literals? a) Existentially quantified b) Universally quantified c) Both Existentially & Universally quantified d) None of the mentioned

Last Answer : b) Universally quantified

Pears are a. Universally self compatible b. Universally self incompatible c. Gross compatible d. None

Description : Pears are a. Universally self compatible b. Universally self incompatible c. Gross compatible d. None

Last Answer : Universally self incompatible

Point out the wrong statement. a) The massive scale of cloud computing systems was enabled by the popularization of the Internet b) Soft computing represents a real paradigm shift in the way in which systems are deployed c) Cloud computing makes the long-held dream of utility computing possible with a pay-as-you-go, infinitely scalable, universally available system d) All of the mentioned

Description : Point out the wrong statement. a) The massive scale of cloud computing systems was enabled by the popularization of the Internet b) Soft computing represents a real paradigm shift in the way in ... with a pay-as-you-go, infinitely scalable, universally available system d) All of the mentioned

Last Answer : Soft computing represents a real paradigm shift in the way in which systems are deployed

Point out the wrong statement. a) The massive scale of cloud computing systems was enabled by the popularization of the Internet b) Soft computing represents a real paradigm shift in the way in which systems are deployed c) Cloud computing makes the long-held dream of utility computing possible with a pay-as-you-go, infinitely scalable, universally available system d) All of the mentioned

Description : Point out the wrong statement. a) The massive scale of cloud computing systems was enabled by the popularization of the Internet b) Soft computing represents a real paradigm shift in the way in ... with a pay-as-you-go, infinitely scalable, universally available system d) All of the mentioned

Last Answer : Soft computing represents a real paradigm shift in the way in which systems are deployed

A universally mounted gyro has how many degrees of freedom?

Description : A universally mounted gyro has how many degrees of freedom?

Last Answer : Two.

A universally mounted gyro has how many gimbals?

Description : A universally mounted gyro has how many gimbals?

Last Answer : Two.

Which of the following statements about technological forces in international marketing is TRUE? A)Television advertising can be used universally throughout the world. B)Much of the technology used in industrialised regions of the world may be ill-suited for developing countries. C)Because all countries have up-to-date postal services, direct mail advertising is always a viable option. D)Technology is generally not a problem in international marketing.

Description : Which of the following statements about technological forces in international marketing is TRUE? A)Television advertising can be used universally throughout the world. B)Much of the technology used in ... always a viable option. D)Technology is generally not a problem in international marketing.

Last Answer : B)Much of the technology used in industrialised regions of the world may be ill-suited for developing countries.

A scientific truth attempts to identify roles that are universally true. Legal judgment, on The other hand, has a standard of proof in criminal prosecutions of: a. Balance of probabilities b. Beyond a reasonable doubt c. Acquittal d. None of the above

Description : A scientific truth attempts to identify roles that are universally true. Legal judgment, on The other hand, has a standard of proof in criminal prosecutions of: a. Balance of probabilities b. Beyond a reasonable doubt c. Acquittal d. None of the above

Last Answer : b. Beyond a reasonable doubt

is universally used for windings of electrical machines because it is easily workable without any possibility of fracture. (a) Silver (b) Steel (c) Aluminium (d) Copper

Description : is universally used for windings of electrical machines because it is easily workable without any possibility of fracture. (a) Silver (b) Steel (c) Aluminium (d) Copper

Last Answer : (d) Copper

EDI standards are a. not universally available b. essential for B2B commerce c. not required for B2B commerce d. still being evolved

Description : EDI standards are a. not universally available b. essential for B2B commerce c. not required for B2B commerce d. still being evolved

Last Answer : b. essential for B2B commerce 

Every business organization needs a secretary having a knowledge of recording ___________ transactions. 

Description : Every business organization needs a secretary having a knowledge of recording ___________ transactions. 

Last Answer : Every business organization needs a secretary having a knowledge of recording ___________ transactions. (a) financial (b) private (c) illegal

(i) A system of book-keeping which records only one aspect of business transactions and ignores other aspects.

Description : (i) A system of book-keeping which records only one aspect of business transactions and ignores other aspects.

Last Answer : Write a word, term, or phrase which can substitute each of the following statements : (i ... approximate or estimated values as on a particular date.

20) Use Accounting Equation to show the effect of the following transactions of Ram Traders.a) Started business with cash ₹ 1,00,000.b) Bought goods for cash \( ₹ 20,000 \).c) Cash sales ₹ \( 60,000 . \)

Description : 20) Use Accounting Equation to show the effect of the following transactions of Ram Traders.a) Started business with cash ₹ 1,00,000.b) Bought goods for cash \( ₹ 20,000 \).c) Cash sales ₹ \( 60,000 . \)

Last Answer : 20) Use Accounting Equation to show the effect of the following transactions of Ram Traders. a) Started ... 000 . c) Cash sales ₹ 60,000 .

The main objective of Bookkeeping is to keep permanent records of business transactions.

Description : The main objective of Bookkeeping is to keep permanent records of business transactions.

Last Answer : State whether the following statement are true or false with reason : The main objective ... is to keep permanent records of business transactions.