Question 1

Investment made by government as equity in the ownership of an enterprise is known as ------------

Accepted Answer

A) participation 
B) interested 
C) refundable 
D) not interested 
A) participation 
B) interested 
C) refundable 
D) not interested

Question 2

As per AS architects services are not included in construction contract.

Accepted Answer

A) false 
B) true 
C) may be true 
D) both a and b 
A) false 
B) true 
C) may be true 
D) both a and b

Question 3

As per AS 7 Research and Development cost is to be excluded from contract cost .

Accepted Answer

A) true 
B) false 
C) may be false 
D) neither a nor b 
A) true 
B) false 
C) may be false 
D) neither a nor b

Question 4

Revised AS 15 - Employees benefits is applicable in respect of accounting periods commencing on or after 1st April ----------

Accepted Answer

A) 2006 
B) 1978 
C) 2001 
D) 2009 
A) 2006 
B) 1978 
C) 2001 
D) 2009

Question 5

AS -26 deals with the treatment of costs of……………in financial statements.

Accepted Answer

A) Research & development 
B) Construction contract 
C) Assets 
D) Risk & Rewards 
A) Research & development 
B) Construction contract 
C) Assets 
D) Risk & Rewards

Investment made by government as equity in the ownership of an enterprise is known as ------------

As per AS architects services are not included in construction contract.

As per AS 7 Research and Development cost is to be excluded from contract cost .

Revised AS 15 - Employees benefits is applicable in respect of accounting periods commencing on or after 1st April ----------

AS -26 deals with the treatment of costs of……………in financial statements.

Banking Regulations and Accounting Practices in India

Insurance and Loss Assessment

Accounting and Co-Operative Society

Accounting and Financial Terms and Concepts

Branch Accounting and Single Entry System

Financial Statements and Ratio Analysis

Ratio Analysis and Financial Performance Metrics

Ratios and Turnovers in Accounting

Filters

Exam 1: Accounting Standards and Reporting in India

Investment made by government as equity in the ownership of an enterprise is known as ------------

As per AS architects services are not included in construction contract.

As per AS 7 Research and Development cost is to be excluded from contract cost .

Revised AS 15 - Employees benefits is applicable in respect of accounting periods commencing on or after 1st April ----------

AS -26 deals with the treatment of costs of……………in financial statements.

Banking Regulations and Accounting Practices in India

Insurance and Loss Assessment

Accounting and Co-Operative Society

Accounting and Financial Terms and Concepts

Branch Accounting and Single Entry System

Financial Statements and Ratio Analysis

Ratio Analysis and Financial Performance Metrics

Ratios and Turnovers in Accounting

Filters