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.Management Sciences
A. They are mainly prepared for external users of financial information
B. They are more complex and hard to prepare
C. The are the summary of accounting data
D. The are prepared on basis of actual concept
Related Mcqs:
- Auditing is what?
- A. Reporting the financial information B. Examination of financial statements C. Preparation financial statements D. maintaining the ledger records...
- A few errors committed in Ahhiwalia’s books of account are given below. State which errors would affect the Trial Balance.
- (a). Sales of `950 to Ram completely omitted from books of account (b). Purchases of `720 from Shyam entered in the purchases journal as `700 (c). Purchases Journal is overcast by `1,000 (d). Sales returns journal is undercast by `200 (e) Amount paid to Agarwal wrongly posted to the debit to Mittal’s account (f) Bank … A few errors committed in Ahhiwalia’s books of account are given below. State which errors would affect the Trial Balance.Read More...
- Expenses of the following nature are treated as a Revenue expenses except__________?
- A. Expenses for day to day running of the business B. Putting the new asset in working condition C. Depreciation D. Purchase of raw material...
- Insurance prepaid is shown as:___________?
- A. Current Asset B. Current Liability C. Fixed Asset D. Income...
- How many parties are generally found in a Bill of Exchange?
- A. 4 B. 2 C. 3 D. 5...
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