Meaning and scope of Accounting (From Nov 2006 to June 2017)

The main objectives of book keeping are———

At the end of the financial year after sale of goods worth Rs.2,00,000 there was a closing stock of Rs.10,000. This is ——–

Financial statements are a part of ———–

————Of American institute of certified public accountants enumerated the function of accounting:

Management accounting :

The direct advantage of accounting do not include :

Double accounting system owes its origin to ———

On 31’st December,2005, Ashok Ltd purchased a machine from Mohan Ltd for Rs.1,75,000. This is (Year end :31’st December)

The problems related to price-rise are handled under————

Financial statements users include ———-

Which of these is not available in the financial statements of a company?

Rs.5000 paid as rent of office premises is an/a —————-

Which of the following is correct? Owner’s Equity is :

If owner’s Capital is Rs.50,000. Liability is Rs.30,000 and fixed assets is Rs.70,000, Then what is the value of current assets?

Net profit or Loss will be derived at ——-stage of accounting.

Which of the following is not a main objective of accounting?

At the end of the financial year,Mr.X earns a profit of Rs.57,000 in the business.This is ———

Which of the following is an event?

Accounting has universal application for recording ———-and events and presenting suitable information for decision making.

———-Was the root of the financial accounting system.

Interpreting financial statements means :

The process of recording financial data along with the  preparation of Trial balance are covered under ——

All items related to fixed assets are put at one place while all items relating to current assets are put at another place. Which procedural stage of the accounting is being referred?

Government raises funds through taxes and spends on various development activities . The deficit or surplus at the end of accounting year is ———-

“Substance of any transaction should be considered while recording them and not only the legal form”.Is the statement which holds true for ?

Financial position of the business is ascertained on the basis of ——-

On March 31’st,,2016, after sale of goods worth RS.45,000, business-man is left with the closing inventory of Rs.20,000.This is ———-

BOD,Government , Lender, Suppliers , Customers, Managers, Investors, Partners,. From the above identify the external and internal stakeholders.

Procedure of accounting includes two main components,Namely :