Question
In the following questions, out of the four
alternatives, choose the one which best expresses the meaning of the given word as your answer. ECONOMICALĀSolution
Economical: providing good service or value in relation to the amount of time or money spent. (a) Extravagant: spending a lot more money than is necessary. (b) Lavish: large in amount, impressive and costing a lot of money. (c) Thrifty: careful about spending money and not wasting things; frugal. (d) Stingy: not generous, especially with money.
With respect to standard costing, which of the following statement is incorrect?
Under which of the following accounting systems, real & nominal accounts are ignored?
If an assetās recoverable amount is less than its carrying amount, what is the correct treatment under Ind AS 36?
Which of the following section deals with deduction in respect of Interest on deposits in savings/FD account in case of resident senior citizens?
Which of the following reports must be mandatorily submitted by an insurer's statutory auditor to the IRDAI annually?
Which of the following is not regarded as Time adjusted or Discounted Cash flows technique of capital budgeting?
Which of the following Indian Accounting Standard (Ind AS), deals with the reporting and disclosure of contingent liabilities and contingent assets?Ā ļæ½...
XYZ Ltd. buys software for ā¹10 lakh, with a license period of 3 years. How should it treat this in books?
A machine was purchased on 1st April 2020 for ā¹5,00,000. Useful life is 5 years with residual value ā¹50,000. Depreciation is charged using written d...
CERSAI was established to prevent fraudulent lending transactions against equitable mortgages. What does the āSā in CERSAI stand for?
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