Accounting Standards
online exam in Accounting Standards useful in preparation of CA CPT , CA Foundation, CS Foundation and CMA Foundation Exams 2018.
Accounting Standards
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Subject :Fundamentals of Accounting Questions: 30
Chapter: Accounting Standards -Test 1
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Question 1 of 25
1. Question
1 pointsHow many Accounting Standards have been issued by ICAI?
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Question 2 of 25
2. Question
1 pointsAccounting standards in India are issued by——-
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Question 3 of 25
3. Question
1 pointsWhich of the following provides a framework to accounting policies so that the financial statements of different enterprises become comparable?
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Question 4 of 25
4. Question
1 pointsThe purpose of accounting standards is to ———-
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Question 5 of 25
5. Question
1 pointsAS-8 on Accounting for Research and development ——
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Question 6 of 25
6. Question
1 pointsThe Accounting Standards are mandatory for———-
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Question 7 of 25
7. Question
1 pointsAccounting standards refers to specific accounting——–
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Question 8 of 25
8. Question
1 pointsAS-2 is on———–
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Question 9 of 25
9. Question
1 pointsAccounting for Fixed Assets———–
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Question 10 of 25
10. Question
1 pointsAccounting standards ————the statue.
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Question 11 of 25
11. Question
1 pointsIASB Stands for ———-
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Question 12 of 25
12. Question
1 pointsWhat is the treatment as per AS-4, when dividend is proposed or declared after the balance sheet date?
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Question 13 of 25
13. Question
1 pointsThe Accounting standards are intended to apply only to items which are——–
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Question 14 of 25
14. Question
1 pointsWhich of the following is one of the advantages of accounting standards?
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Question 15 of 25
15. Question
1 pointsRevenue is generally is considered as realized——
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Question 16 of 25
16. Question
1 pointsWhat is the underlying principle that supports the immediate recognition of a loss?
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Question 17 of 25
17. Question
1 pointsThe determination of expenses for an accounting period is based on principle of ——
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Question 18 of 25
18. Question
1 pointsAs -1 requires the significant accounting policies—–
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Question 19 of 25
19. Question
1 pointsAccounting standard on ‘The effect of changes in foreign exchange rate is———
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Question 20 of 25
20. Question
1 pointsWhen the effect of strike is not directly disclosed in financial statements——–Accounting system applied.
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Question 21 of 25
21. Question
1 pointsAccounting policies should not be changed from one period to another period is based on the principle of——-
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Question 22 of 25
22. Question
1 pointsGoing concern concept is not followed ———
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Question 23 of 25
23. Question
1 pointsProvision for doubtful debts is made because of ———
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Question 24 of 25
24. Question
1 pointsAS-30 deals with——
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Question 25 of 25
25. Question
1 pointsAS-32 deals with———
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