The 'Segment Information' under Ind AS 108 is based on: MCQ with Answer and Explanation
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Practice More Accountancy and Book Keeping Questions
Question #1
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Which of the following is not a subfield of accounting?
Correct Answer: Option A
Explanation:
Common subfields include financial, cost, management, tax, social responsibility accounting. Social Science Accounting is not a recognized subfield.
Common subfields include financial, cost, management, tax, social responsibility accounting. Social Science Accounting is not a recognized subfield.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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In the ledger, what is the meaning of 'c/d'?
Correct Answer: Option B
Explanation:
'Carried down' indicates the balancing figure at the end of a period, which will be brought down (b/d) at the start of the next period.
'Carried down' indicates the balancing figure at the end of a period, which will be brought down (b/d) at the start of the next period.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The difference between actual overhead and absorbed overhead is called:
Correct Answer: Option B
Explanation:
If absorbed overheads are less than actual, under-absorption; if more, over-absorption.
If absorbed overheads are less than actual, under-absorption; if more, over-absorption.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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