Multiple Choice
What do you mean by ASB?
A) Accounting Security Board
B) Accounting Standard Board
C) Accounting Standardization Board
D) None of these
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Accounting profession of India is governed by………………….<br>A)ICAI<br>B)Ministry
Q3: Indian Accounting Standard 3 (AS3) deals with….<br>A)Amalgamation<br>B)Lease<br>C)Cash
Q4: The useful life of an intangible asset
Q5: Inventories must be measured at<br>A)Cost<br>B)Lower of cost
Q6: Which of the following asset is not
Q7: Property, Plant and Equipment are defined as,<br>A)Tangible
Q8: Cost of inventory is a sum of<br>A)Cost
Q9: Consumable stores are<br>A)Inventories<br>B)Property, Plant and Equipment<br>C)Investment Property<br>D)Intangible
Q10: FASB is based in…………….<br>A)London<br>B)Chennai<br>C)New York<br>D)Norwalk
Q11: Cost of inventory does not include<br>A)Salary of