Social Accounting primarily measures: MCQ with Answer and Explanation
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Question #1
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Which of the following is not an objective of budgetary control?
Correct Answer: Option D
Explanation:
Budgetary control aims at planning, coordination, control, and efficiency, not just short-term profit maximization.
Budgetary control aims at planning, coordination, control, and efficiency, not just short-term profit maximization.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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In partnership accounts, interest on drawings is charged when:
Correct Answer: Option C
Explanation:
Interest on drawings is only charged if it is explicitly mentioned and agreed upon in the partnership deed.
Interest on drawings is only charged if it is explicitly mentioned and agreed upon in the partnership deed.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Zero Base Budgeting' (ZBB) was first introduced in a country by:
Correct Answer: Option B
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
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