In recent years, which technology has significantly impacted accounting? MCQ with Answer and Explanation
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Question #1
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The 'Zero Base Budgeting' (ZBB) was first introduced in a country by:
Correct Answer: Option D
Explanation:
ZBB was popularised in the 1970s in the United States.
ZBB was popularised in the 1970s in the United States.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Impairment of Assets' (Ind AS 36) applies to:
Correct Answer: Option B
Explanation:
Ind AS 36 has a specific scope excluding certain assets covered by other standards.
Ind AS 36 has a specific scope excluding certain assets covered by other standards.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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In partnership, the 'Sacrificing Ratio' is calculated during:
Correct Answer: Option D
Explanation:
The sacrificing ratio is the ratio in which existing partners give up their share of profit in favor of the new partner upon admission.
The sacrificing ratio is the ratio in which existing partners give up their share of profit in favor of the new partner upon admission.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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