Class of societies exempted from 50% of audit fees:

The term "Due by" in audit denotes: O

Base for calculating audit fee of a co-operative society dealing in goods (except coir and primary co-operative society):

An event which gives rise to an entry in the accounting records is called

Financial statement analysis for different periods is known a

Leverage ratio:

The number of years to get back the original cost of investment:

Cash lost in operating activities is considered as:

The movement or changes of cash is known through the ______ of two periods.

The stock, shown in trial balance always represents

Invoice book is used for recording all

___ is prepared to see whether all the entries from the original records have been correctly transferred to ledger

Account which records expenses on rent

A project qualifies to be accepted when the actual IRR

A company should opt for trading on equity when

External analysis of financial statements is conducted by

The ratio of the present value of cash inflow and the present value of cash outflow is

The requirement for working capital is more during the period of:

Decrease in current liability is:

The balance of the cash flow statement is the increase or decrease of:

The difference between capital and debt is called:

The function of measuring a firm's solvency and liquidity can be carried out using:

Increase or decrease represents

Collection of all accounts is called

____ is used for withdrawal of cash from bank.

The process of recording transactions in a journal is called

There are _____ types of accounts.

The expenditure is made with a view to earn

When the total of the credit side exceeds the total of the debit side, it indicates

When rent is paid in cash, _____ account is debited.

For every debit there must be a/an

Ascertaining the difference between the totals of the debit side and credit side of an account is called

Debit to an expense means

____ is a formal record of all transactions.

If both aspects of the same transaction appear in one account, it is called

Transactions are posted to the

_____ is the art as well as the science of recording, classifying and summarising business transactions of financial nature expressed in money.

The basic function of accounting is

The work of classification is done in the book known as

The important object of a business is to earn

_____ is the science and art of identifying and recording accounting transactions systematically in the books of accounts.

In which year published the book on double entry system of accounting in?

Credit Risk involves

When there is a disagreement in the Trial Balance, the difference may be temporarily credited or debited to

Advance against consignment is credited against the ______ of consignee

All balances relating to expenses or gains will go into the

Fixed Assets shall be valued a

Bills Receivable comes under

The ratio that explains the strength of an organization with respect to effective utilization of finances

A statement that deals with the comparison of different items of the Profit & Loss Account and Balance Sheet of two or more periods