The 'Interim Dividend' is declared by: MCQ with Answer and Explanation
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Question #1
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Social Accounting is also known as:
Correct Answer: Option C
Explanation:
Social accounting encompasses reporting on social, environmental, and ethical impacts, often termed social responsibility accounting, environmental accounting, or green accounting.
Social accounting encompasses reporting on social, environmental, and ethical impacts, often termed social responsibility accounting, environmental accounting, or green accounting.
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Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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Social Accounting relies on capturing a firm's impact on its environment. Which standard is widely used globally for such reporting?
Correct Answer: Option B
Explanation:
GRI provides the most widely used comprehensive framework globally for sustainability and social impact reporting.
GRI provides the most widely used comprehensive framework globally for sustainability and social impact reporting.
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Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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S1: A Journal Voucher is used for non-cash transactions. S2: A Contra Voucher is used for cash and bank transactions. Which statement(s) is/are correct?
Correct Answer: Option C
Explanation:
A Journal Voucher (or Transfer Voucher) is used for internal adjustments and non-cash transactions like depreciation. A Contra Voucher is used for transactions involving both cash and bank, like depositing cash into the bank. Both are correct.
A Journal Voucher (or Transfer Voucher) is used for internal adjustments and non-cash transactions like depreciation. A Contra Voucher is used for transactions involving both cash and bank, like depositing cash into the bank. Both are correct.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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