The 'Activity Based Costing' (ABC) method focuses on: MCQ with Answer and Explanation
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Practice More Accountancy and Book Keeping Questions
Question #1
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The primary purpose of a cash book is to:
Correct Answer: Option C
Explanation:
A cash book serves as both a book of original entry and a ledger account, specifically for recording all cash receipts and payments.
A cash book serves as both a book of original entry and a ledger account, specifically for recording all cash receipts and payments.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Economic Survey' is presented:
Correct Answer: Option A
Explanation:
Economic Survey is tabled typically a day before the Union Budget.
Economic Survey is tabled typically a day before the Union Budget.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Which of the following is NOT recorded in a simple (single-column) cash book?
Correct Answer: Option B
Explanation:
A simple cash book only has a cash column. Bank transactions (like cheques deposited) require a two-column or three-column cash book.
A simple cash book only has a cash column. Bank transactions (like cheques deposited) require a two-column or three-column cash book.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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