The 'Proprietary Ratio' establishes relationship between: MCQ with Answer and Explanation
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Question #1
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The 'Accounting Policy Changes' are applied:
Correct Answer: Option D
Explanation:
Ind AS 8 requires retrospective application of changes in accounting policies.
Ind AS 8 requires retrospective application of changes in accounting policies.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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A 'Master Budget' is a summary of:
Correct Answer: Option B
Explanation:
Master budget consolidates all subsidiary budgets into one comprehensive plan.
Master budget consolidates all subsidiary budgets into one comprehensive plan.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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A: The Consolidated Fund of India includes all revenues received by the Government. R: The government can withdraw money from the Consolidated Fund without parliamentary approval. Choose the correct option.
Correct Answer: Option A
Explanation:
The Consolidated Fund of India includes all revenues, loans, and repayments. However, no money can be withdrawn from it without the authorization of Parliament through an Appropriation Bill. A is true, R is false.
The Consolidated Fund of India includes all revenues, loans, and repayments. However, no money can be withdrawn from it without the authorization of Parliament through an Appropriation Bill. A is true, R is false.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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