Description : The capital at the beginning of the accounting year is ascertained by preparing __________
Last Answer : The capital at the beginning of the accounting year is ascertained by preparing __________ (a) ... of Affairs (d) Closing Statement of Affairs
Description : An investor, while reading the financial statements of Star Corporation, learned that the statements are accompanied by an unqualified auditor's report. From this the investor may conclude that: a ... but not necessarily in the notes to financial statements are to be regarded as reasonably adequate
Last Answer : Any disputes over significant accounting issues have been settled to the auditor's satisfaction.
Description : If errors occur in the recording process, they a. should be corrected as adjustments at the end of the period. b. should be corrected as soon as they are discovered. c. should be corrected when preparing closing entries. d. cannot be corrected until the next accounting period.
Last Answer : b. should be corrected as soon as they are discovered.
Description : Which one of the following is usually prepared only at the end of a company's annual accounting period? a. Preparing financial statements b. Journalizing and posting adjusting entries c. Journalizing and posting closing entries d. Preparing an adjusted trial balance
Last Answer : c. Journalizing and posting closing entries
Description : Chhatrapati Shivaji Maharaj established the first capital of Swaraiva at the fort of ___________
Last Answer : Chhatrapati Shivaji Maharaj established the first capital of Swaraiva at the fort of ___________ (a) Rajgad ... (c) Raj gad (d) Vishalgad
Description : The city of Champa was the capital of ___________
Last Answer : The city of Champa was the capital of ___________ (a) Kasi (b) Anga (c) Kosala (d) Magadha
Description : The two optional steps in the accounting cycle are preparing a. a post-closing trial balance and reversing entries. b. a worksheet and post-closing trial balances. c. reversing entries and a worksheet. d. an adjusted trial balance and a post-closing trial balance.
Last Answer : c. reversing entries and a worksheet.
Description : he step in the accounting cycle that is performed on a periodic basis (i.e., monthly, quarterly) is a. analyzing transactions. b. journalizing and posting adjusting entries. c. preparing a post-closing trial balance. d. posting to ledger accounts.
Last Answer : b. journalizing and posting adjusting entries.
Description : How is the weather for a spread-out town ascertained?
Last Answer : In a major city the highs and lows and rain fall are measured at the airport.
Description : In the speed of rotation of earth decreases, the weight of the body will a.Decrease b.Remain unaltered c.Depends on speed ratio d.Cannot be ascertained on the basis the information given e.Increase
Last Answer : c. Depends on speed ratio
Description : By which can Foetus development in woman’s womb be ascertained? -Do You Know?
Last Answer : answer:
Description : By which can Foetus development in woman’s womb be ascertained?
Last Answer : By Ultrasound
Description : The function of a court of justice is a) To ascertain the existence or non existence of certain facts b) To apply the substantive law to ascertained facts c) Declare the rights and liability of parties d) All the above
Last Answer : d) All the above
Description : The ascertained weight of the insured article noted against the entry in the regd /parcel list. a) Should be initialed by the PA/SA b) Initial is not necessary c) Initialed by both PA & PM d) None of these
Last Answer : a) Should be initialed by the PA/SA
Description : During levelling if back sight is more than foresight (A) The forward staff is at lower point (B) The back staff is at lower point (C) The difference in level, cannot be ascertained (D) None of these
Last Answer : (B) The back staff is at lower point
Description : Select the correct statement. . A) Contour interval on any map is kept constant. (B) Direct method of contouring is cheaper than indirect method. (C) Intervisibility of points on a contour map cannot be ascertained. (D) Slope of a hill cannot be determined with the help of contours.
Last Answer : (A) Contour interval on any map is kept constant.
Description : Age of a tree may be ascertained by (A) Radius of its stem (B) Circumference of its stem (C) Number of branches (D) Number of annual rings
Last Answer : Answer: Option D
Description : The depth of the ground water table may be ascertained by (A) Looking through the well in the vicinity (B) Standing on the well in the vicinity (C) Measuring the depth of water in the well (D) None of the abov
Last Answer : Answer: Option C
Description : Cost Unit is defined as: (a) Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed (b) A location, person or an item ... the responsibility of generating and maximising profits (d) Centres concerned with earning an adequate return on investment
Last Answer : Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed
Description : Density of each compacted layer should be ascertained by taking soil samples on either side of Central Line at a) 5 meter interval b) 10 meter interval* c) 12 meter interval d) 15 meter internal
Last Answer : b) 10 meter interval*
Description : AT Co makes a single product and is preparing its material usage budget for next year. Each unit of product requires 2kg of material, and 5,000 units of product are to be produced next year. Opening inventory of material is budgeted ... (a) 8,000 Kg((b) 9,840 kg ((c) 10,000 Kg (d) 10,160 Kg
Last Answer : ((c) 10,000 Kg
Description : The grand army of Ibrahim Lodi could not survive in front of ___________
Last Answer : The grand army of Ibrahim Lodi could not survive in front of ___________ (a) Babur, in the battle ... the ruler of Mewar (d) Humayun's son Akbar
Description : The Taj Mahal was built by ___________
Last Answer : The Taj Mahal was built by ___________ (a) Babur (b) Akbar (c) Shahajahan (d) Jahangir
Description : Alauddin Khilji sent his commander Malik Kafur to south because of ___________
Last Answer : Alauddin Khilji sent his commander Malik Kafur to south because of ___________ (a) he wanted to ... he wanted to build his empire in the south
Description : Baburnama was written by ___________
Last Answer : Baburnama was written by ___________ (a) Akbar (b) Birbal (c) Babur (d) Jahangir
Description : Rana Pratap was the ruler of ___________
Last Answer : Rana Pratap was the ruler of ___________ (a) Mewar (b) Jodhpur (c) Jaipur (d) Bundelkhand
Description : Tuli translated the text of ___________
Last Answer : Tuli translated the text of ___________ (a) Koshashastra (b) Bhadvad Gita (c) Ramayan (d) Mahabharata.
Description : The Italian traveller Nicolo Conti visited ___________
Last Answer : The Italian traveller Nicolo Conti visited ___________ (a) Vijayanagar (b) Delhi (c) Iran (d) Karnataka
Description : Many Satavahana inscriptions are found in ___________
Last Answer : Many Satavahana inscriptions are found in ___________ (a) South Maharashtra (b) Northwest ... c) North Maharashtra (d) Central Maharashtra
Description : Grama was an integral part of the ___________
Last Answer : Grama was an integral part of the ___________ (a) central machinery (b) middle machinery (c) outdoor machinery (d) absolute machinery
Description : The Satavahana rule declined due to ___________
Last Answer : The Satavahana rule declined due to ___________ (a) weak rulers (b) the constant struggle between ... (c) economic decline (d) social decline
Description : Ashoka’s Victory at Kalinga proved a turning point in the history as well as the life of Ashoka. Reasons ___________
Last Answer : Choose the correct reason and complete the sentence: Ashoka's Victory at Kalinga proved a turning point ... human life (d) Weak rules of Kalinga
Description : The great drama in Sanskrit literature Swapnavasavadatta was written by ___________
Last Answer : The great drama in Sanskrit literature Swapnavasavadatta was written by ___________ (a) Kautilya (b) Bharat (c) Kalidasa (d) Bhasa
Description : Pataligrama came to be known as ___________
Last Answer : Pataligrama came to be known as ___________ (a) Pataliputra (b) Magadha (c) Kasi (d) Kosala
Description : The kingdom of Magadha acquired the form of an ___________
Last Answer : The kingdom of Magadha acquired the form of an ___________ (a) Empire (b) State (c) Country (d) District
Description : It seems that the king of Assaka was known as ‘Andhakraja’ during ___________
Last Answer : It seems that the king of Assaka was known as Andhakraja' during ___________ (a) Gautama Buddha ... (c) Second Urbanisation (d) Mahajanpada
Description : Kamboja mahajanapada is mentioned in the ancient literature along with ___________
Last Answer : Kamboja mahajanapada is mentioned in the ancient literature along with ___________ (a) Kosala (b) Magadha (c) Anga (d) Gandhara
Description : The core principle of Vardhamana Mahavir’s philosophy is ___________
Last Answer : The core principle of Vardhamana Mahavir’s philosophy is ___________ (a) Vedanta (b) Mimamsa (c) Charavaka (d) Pluralism (Anekantavada)
Description : Ahar culture at Balathal is dated to ___________
Last Answer : Ahar culture at Balathal is dated to ___________ (a) 400 B.C.E (b) 40 B.C.E (c) 4000 B.C.E (d) 40000 B.C.E
Description : Closing stock is always valued at cost or market price which is ___________
Last Answer : Closing stock is always valued at cost or market price which is ___________ (a) more (b) less (c) zero (d) equal
Description : Debit balance of Trading Account means ___________
Last Answer : Debit balance of Trading Account means ___________ (a) Gross Loss (b) Net Loss (c) Net Profit (d) Gross Profit
Description : . A Local Authority is preparing cash Budget for its refuse disposal department. Which of the following items would not be included in the cash budget? (a) Capital cost of a new collection vehicle (b) Depreciation of the machinery (c) Operatives wages (d) Fuel for the collection
Last Answer : (b) Depreciation of the machinery
Description : All a/c’s are closed down at the end of the accounting year.
Last Answer : State whether the following statement are ‘True or False’ with reason : All a/c’s are closed down at the end of the accounting year.
Description : For initial audits, additional matters the auditor may consider in the overall audit strategy and audit plan include the following except a. Major issues including the application of ... firm personnel with appropriate levels of capabilities and competence to respond to anticipated significant risks
Last Answer : Confirmation of material accounts receivable balance at the end of the year.
Description : Government grants related to income as per the Accounting Standard (AS)-12 should be- (A) Presented as a credit in the statement of Profit and Loss (B) Presented as a deferred income on the asset ... of balance sheet (D) Presented both in the Profit and Loss statement and in the balance sheet
Last Answer : Answer: Presented both in the Profit and Loss statement and in the balance sheet
Description : Which of the following is the Accounting equation ? (A) Capital = Assets – Liabilities (B) Capital = Assets + Liabilities (C) Assets = Liabilities – Capital (D) Liabilities = Assets – Capital
Last Answer : Answer: Capital = Assets – Liabilities
Description : In accounting terms, what constitutes the 'closing stock'? (1) Net Investment (2) Gross Investment-Capital Losses (3) Opening Stock-Capital Losses (4) Opening Stock + Net Investment - Capital Losses
Last Answer : (4) Opening Stock + Net Investment - Capital Losses Explanation: Closing stock refers to the goods remaining un-sold during the year. It includes finished products, raw materials, or work in progress ... with the following calculation: Opening stock + Purchases - Closing stock = Cost of goods sold.
Description : A sound capital budgeting technique is based on: A. Cash Flows B. Accounting Profit C. Interest rate on borrowings D. Last dividend paid
Last Answer : A. Cash Flows
Description : The estimated benefits from a capital budgeting project are expected as cash flows rather than income flows because . A. it is more difficult to calculate income flows than cash flows B. it ... is central to the firm's capital budgeting decision C. this is required by the accounting profession
Last Answer : B. it is cash, not accounting income, that is central to the firm's capital budgeting decision
Description : In proper capital budgeting analysis we evaluate incremental cash flows. A. accounting B. operating C. before-tax D. financing
Last Answer : B. operating