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Advance Accounting and Auditing
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Advance Accounting and Auditing
Under periodic inventory system of goods sold is determined and recognized in the books of accounts:
At the time of purchase of goods
At the time of sale of goods
At the end of the year
None of these
Author:
rikazzz
Comment
Advance Accounting and Auditing
The amount of overtime premium contained in direct wages would normally be classified as:
Part of prime cost
Factory overhead
Direct labor cost
Administrative overhead
Author:
rikazzz
Comment
Advance Accounting and Auditing
A cooperative society is registered under cooperative society act of:
1925
1939
1954
1948
Author:
rikazzz
Comment
Advance Accounting and Auditing
Which of the following would be least likely to be considered a control objective?
Safeguarding assets
Detecting management fraud
Accuracy of accounting data
Adherence of managerial policies
Author:
rikazzz
Comment
Advance Accounting and Auditing
Statutory meeting is necessary in case of :
Private Ltd Co.
Public Ltd Co.
Partnership
Cooperative Society
Author:
rikazzz
Comment
Advance Accounting and Auditing
Evaluative-positive or negative concerning people, objects or events are called:
Perceptions
Attitudes
Beliefs
Values
Author:
rikazzz
Comment
Advance Accounting and Auditing
As per companies ordinance 1984 looses tools are recorded under the head of :
Current assets
Fixed assets
Long-term investment
Long-term deposits
Author:
rikazzz
Comment
Advance Accounting and Auditing
The provision of discount on creditors is often not provided in keeping with the principle of:
Materiality
Consistency
Conservatism
Realization
Author:
rikazzz
Comment
Advance Accounting and Auditing
External uses of financial accounting information in used for the following except:
Investors
Labor unions
Line manager
General public
Author:
rikazzz
Comment
Advance Accounting and Auditing
The addition of Material and Labor called:
Conversion cost
Prime cost plus factory overheads
Financial cost
Absorption cost
Author:
rikazzz
Comment
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