The 'Throughput Accounting' emphasises: MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Accountancy and Book Keeping Questions
Question #1
Report Error
Which of the following statements is correct?
Correct Answer: Option B
Explanation:
Salary to partners is allowed only if partnership deed provides. Interest on capital is not automatic. Profits sharing can be unequal. Minor cannot be a partner, only admitted to benefits.
Salary to partners is allowed only if partnership deed provides. Interest on capital is not automatic. Profits sharing can be unequal. Minor cannot be a partner, only admitted to benefits.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
Report Error
Which of the following is NOT a function of an auditor?
Correct Answer: Option C
Explanation:
Preparation of financial statements is the responsibility of management, not the auditor.
Preparation of financial statements is the responsibility of management, not the auditor.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
Report Error
The use of 'Smart Contracts' in accounting is a direct result of development in:
Correct Answer: Option D
Explanation:
Smart contracts are self-executing contracts with terms written into lines of code, running on blockchain networks.
Smart contracts are self-executing contracts with terms written into lines of code, running on blockchain networks.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
No comments yet. Be the first to start the discussion!