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Accounting Concepts, Principles and Procedures
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Accounting Concepts, Principles and Procedures
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Accounting Concepts, Principles and Procedures
The concept of separate entity is applicable to which of following types of businesses:
Sole proprietorship
Corporation
Partnership
All of these
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Accounting Concepts, Principles and Procedures
Where there is no satisfactory system of internal check, which type of auditor more suitable?
Management audit
Balance sheet audit
Continuous audit
Periodical audit
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Accounting Concepts, Principles and Procedures
The systems of accounting are:
Four
Three
Two
Five
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Accounting Concepts, Principles and Procedures
When owner withdraws cash for its private use, it is called:
Profit
Drawing
Expense
Income
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Accounting Concepts, Principles and Procedures
The system of recording transactions based on dual concept:
Single entry system
Double entry system
Double entry system
Single account system
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Accounting Concepts, Principles and Procedures
Where the provisions of the companies Act are violated, the auditor must report the same to the:
Shareholders
Managing directors
Board of directors
Central government
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rikazzz
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Accounting Concepts, Principles and Procedures
A file which contains rules governing the organization under audit in known as:
Permanent file
Current file
Routine file
Precedence file
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rikazzz
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Accounting Concepts, Principles and Procedures
Which of the following branches of accounting primarily deals with procedure and presenting of accounting data for internal use?
Tax accounting
Management accounting
Financial accounting
None of these
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rikazzz
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Accounting Concepts, Principles and Procedures
The owner of a business puts money into the business. What is credited?
Owner a/c
Capital a/c
Investment a/c
Loan a/c
Author:
rikazzz
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Accounting Concepts, Principles and Procedures
The person to whom goods are sold on credit is called?
Buyer
Seller
Debtor
Creditor
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