Question
âTrivial transactions can be ignoredâ. Which of the
following accounting convention is true in context of this statement?Solution
All the material information must be recorded and what is material is subjective, and depends on the organization in the question. Materiality Convention states that only the material/ significant transactions should be recorded and trivial transactions can be ignored.
Who chaired the Project OASIS committee?
Which among the following ratios will be effected because of Salaries paid in cash as paid in advance?
In a corporate setting, what does the term "conflict of interest" refer to?
 Which of the following statement is correct in corelation to the term âoffer for saleâ (OFS)?
In the context of the Central Limit Theorem (CLT), which of the following statements is correct?
Exchange differences are treated where?
What is the key aspect of ethical decision-making in a professional setting?
 A tendency for managers to evaluate most of their employees as "average", is called? Â
What is the lock-in period for Public Provident Fund?
Which of the following principle applies when Provision for Doubtful Debts is required to be maintained in the books of accounts?
