The 'Drawings' of the proprietor are deducted from: MCQ with Answer and Explanation
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Question #1
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Integrated Reporting (IR) differs from traditional financial reporting because it:
Correct Answer: Option B
Explanation:
IR provides a holistic view of the organization by interconnecting financial performance with sustainability, capitals (human, natural), and strategy.
IR provides a holistic view of the organization by interconnecting financial performance with sustainability, capitals (human, natural), and strategy.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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In the Indian Financial Management System, the Consolidated Fund of India is operated by:
Correct Answer: Option A
Explanation:
All revenues received by the Government of India and all loans raised are credited to the Consolidated Fund, which is operated by the President.
All revenues received by the Government of India and all loans raised are credited to the Consolidated Fund, which is operated by the President.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Which of the following decisions relates to determining the optimal capital structure?
Correct Answer: Option D
Explanation:
The financing decision involves choosing the right mix of debt and equity (capital structure) to minimize the overall cost of capital.
The financing decision involves choosing the right mix of debt and equity (capital structure) to minimize the overall cost of capital.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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