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MCQs for topic: ABK

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1 All of the following are functions of Accounting except?

2 Financial position of the business is ascertained on the basis of

3 Financial statements do not consider

4 Accounting standards in india are issued by

5 How many accounting standards have been issued by ICAI?

6 It is essential to standardize the accounting principles and policies in order to ensure

7 In case of debit becoming bad, the amount should be credited to

8 Which financial statement represents the accounting equation Asset = Liabilities + Owner`s equity

9 Which account is the odd one out?

10 In double entry system of book keeping every business transaction affects

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Question ID: 5037