The 'Atal Pension Yojana' (APY) is focused on: MCQ with Answer and Explanation
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Practice More Accountancy and Book Keeping Questions
Question #1
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Subscription received in advance for a non-profit organisation is shown in the Balance Sheet as:
Correct Answer: Option C
Explanation:
It is a liability because it pertains to the future period.
It is a liability because it pertains to the future period.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Management Override of Controls' is a risk of material misstatement due to fraud. Auditors must:
Correct Answer: Option D
Explanation:
SA 240 requires specific procedures for management override.
SA 240 requires specific procedures for management override.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Indian Accounting Standards' (Ind AS) are issued by:
Correct Answer: Option D
Explanation:
Ind AS are notified by the Ministry of Corporate Affairs under Companies Act.
Ind AS are notified by the Ministry of Corporate Affairs under Companies Act.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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