The term 'Variance' in budgetary control refers to: MCQ with Answer and Explanation
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Question #1
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Forensic Accounting primarily deals with:
Correct Answer: Option C
Explanation:
Forensic accountants utilize accounting, auditing, and investigative skills to analyze financial records in conjunction with dispute resolution and litigation.
Forensic accountants utilize accounting, auditing, and investigative skills to analyze financial records in conjunction with dispute resolution and litigation.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Indian Financial Management System' for central government is managed by:
Correct Answer: Option D
Explanation:
CGA is the principal advisor on accounting matters for the Union Government.
CGA is the principal advisor on accounting matters for the Union Government.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The term 'Virement' in budgetary control refers to:
Correct Answer: Option C
Explanation:
Virement is the process of transferring funds from one budget head to another to meet unforeseen expenses without increasing the total budget.
Virement is the process of transferring funds from one budget head to another to meet unforeseen expenses without increasing the total budget.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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