1. The combined Finance and Revenue Accounts of the Union and State Governments are prepared by – (a) Indian Audit and Accounts Department (b) Central Accounting Organisations of the Union Government (c) Indian Accounts Department (d) Comptroller and Auditor General of India. 2. The person whose duty it was to check such accounts became known
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1. In accounts recording is made of: A. Only financial transactions B. Financial as well as non—financial transactions C. Only non—financial transactions D. Details of personal transactions of the proprietor. 2. Of the following, who is not an external user of accounting information? A. Investors B. Officers C. Banks D. Government 3. IF Accounting information
1. Income Tax paid by a sole trader is reflected in his financial statement: A. As an addition to his Capital B. On the credit side of his profit and loss account C. As an item of assets in the Balance sheet D. As a deduction from Capital 2. If closing stock appears in trial
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1. The amount which is primarily intended for meeting emergent contingent expenditure is termed as _________. (a) Secured Advance (b) Temporary Advance (c) Permanent Advance (d) Lump-sum Advance 2. The quantum of permanent advance for any organization should not as a rule exceed the monthly average of contingent expenditure for the preceding __________ months. (a)
1. “Civil Accounts Officers” means an Accounts Officer subordinate to the __________. (a) President of India (b) Comptroller and Auditor General (c) Prime Minister of India (d) Finance Minister of India. 2. “Comptroller and Auditor General” means the ____________. (a) Controller General of Accounts (b) Controller of Accounts (c) Director of Accounts (d) Comptroller and
1. A metal object obtained by allowing molten metal to solidify in a mould is known as: (A) Casting (B) Machining (C) Forming (D) Molding 2. The tapper provided on all vertical surfaces of the pattern as it is lifted up is known as: (A) Rapping allowance (B) Shrinkage allowance (C) Draft allowance (D) Distortion
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