In this post, we have covered all important Questions and answer relevant to the fundamentals of accounting which will be helpful in the Upcoming Exam. Information in financial reports is based ona. Event b. Economic transactionc. non-economic transactions d. All of the above Answer Answer: B Internal users of a business entity are excepta. Chief … Read more
Bills of Exchange Mcq for practice A bill of Rs. 1,000 was dishonoured. Amount of Rs. 15 was paid for noting charges and it was renewed with Rs. 20 as interest. The amount of new bill will be:a. ₹ 1000 b. ₹ 1015c. ₹ 1025 d. ₹ 1035 Answer Answer: D A bill was drawn … Read more
MULTIPLE CHOICE QUESTIONS FOR CPWD AND FOREST ACCOUNT FOR PC 16 SAS SUBORDINATE AUDIT SERVICES. Charged Expenditure is said so because it(i) may be subject to the Vote of Lok Sabha(b) Is Charged on Consolidated Fund(c) Is Charged on Contingency Fund(d) Is Charged on Public Account Charged expenditure is mentioned in Article(a) 112 (1) (b) … Read more
Who is responsible to see that accounts of the Division are not allowed to fall in arrears?(a) Divisional Accountant (b) Divisional Officer(c) Superintendent Engineer (d) Pay & Accounts Officer Answer Answer: B Posting of a Divisional Accountant in a Division to assist the Divisional Officer is made by(a) Chief Controller of Accounts(b) Controller General of … Read more
MULTIPLE CHOICE QUESTIONS FOR CPWD AND FOREST ACCOUNT FOR PC 16 SAS SUBORDINATE AUDIT SERVICES. Part of cash includes(i) Legal tender coin (ii) Legal tender notes(iii) Cheque/draft towards departmental dues (iv) Deposit at call receipt of SchBank(v) Rs. 1 Revenue Stamp (vi) Rs. 5 Revenue stamp(a) i, ii,, iii (b) i, ii, iii, iv(c) All … Read more