In financial management, 'Float' refers to: MCQ with Answer and Explanation
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Question #1
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The 'Trial Balance' includes:
Correct Answer: Option D
Explanation:
It lists all ledger balances irrespective of account type.
It lists all ledger balances irrespective of account type.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Fair Value' measurement is a key feature of:
Correct Answer: Option A
Explanation:
Ind AS extensively uses fair value for financial instruments, investment property, etc.
Ind AS extensively uses fair value for financial instruments, investment property, etc.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Contingent liabilities are shown as a footnote to the balance sheet to comply with which accounting convention?
Correct Answer: Option A
Explanation:
Full disclosure requires all significant information to be completely and fairly disclosed, including contingent liabilities via footnotes.
Full disclosure requires all significant information to be completely and fairly disclosed, including contingent liabilities via footnotes.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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