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You Are On Multi Choice Question Bank SET 2936

146801. Depreciation is based on:





146802. An endowment insurance policy can be taken in respect of:





146803. Double entry book-keeping was fathered by:





146804. Which of the following ways can be used to create ‘Secret Reserves’?





146805. Which one of the following will lead to understatement of net profit?





146806. The word ‘credit’has been derived from the Latin word ‘credere’ which means:





146807. By-products should be valued at:





146808. Which account is to be prepared when revised values are not to appear in the new balance sheet framed after the retirement or death of a partner?





146809. Payment of the trade creditors would:





146810. Which of the following results in the flow of funds?





146811. Which of the following is the most important reason for studying accounting?





146812. The difference between the balance of a fixed asset a/c and the related accumulated depreciation a/c is termed as:





146813. Propriety audit is normally undertaken by:





146814. Government may order for cost audit under:





146815. Institute of Chartered Accountants of India was established on:





146816. Payment for building purchased should be vouched with the help of:





146817. ”Auditor is not valuer”was started in:





146818. Incomplete contracts should be valued on the basis of:





146819. A government company auditor may be appointed by:





146820. The first auditor of company will hold office:





146821. Labour turnover is measured by:





146822. The allotment of whole items of cost to cost centres or cost units is called:





146823. If an auditor does something wrongfully in the performance of his duties resulting in financial loss to the company he is guilty of:





146824. As an auditor, which of the following documents would you consider most reliable in respect of a receipt from a customer?





146825. Under Companies Act 1956,audit of annual financial statement is compulsory for:





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