Which of the following techniques is NOT commonly used in management accounting?

Management Accounting uses data mainly drawn from:

Management Accounting primarily deals with:

Cost accounting mainly provides information to:

What is the primary purpose of Cost Accounting?

Which financial statements are commonly prepared in financial accounting?

Which is considered the oldest branch of accounting?

Financial Accounting primarily assists in:

In the double entry system, for every debit entry there must be:

How is the claim of outsiders on a business referred to?

In accounting terms, the owner's equity is also known as:

Which is the fundamental accounting equation in the Double Entry System?

According to the dual aspect concept of the Double Entry System, every transaction has:

Who published the first book on the Double Entry System of Accounting?

One major disadvantage of the Single Entry System is:

How is profit calculated in the Single Entry System?

Why cannot a Trial Balance be prepared in the Single Entry System?

The Single Entry System is mainly followed by:

Which of the following accounts are maintained under the Single Entry System?

The Single Entry System of bookkeeping:

Luca Pacioli was a:

The terms "Debit" and "Credit" introduced in Pacioli's system originally meant:

The "Summa de Arithmetica" is considered important because it:

In which year did Luca Pacioli publish his famous book "Summa de Arithmetica, Geometria, Proportioni et Proportionalita"?

Who is known as the Father of Accountancy and Modern Accounting?

Which of the following is NOT a part of bookkeeping?

Bookkeeping mainly involves:

The primary difference between bookkeeping and accounting is that:

According to JR Batliboi, bookkeeping is:

Accounting is called the 'language of business' because:

Which of the following is NOT an objective of accounting?

Which of the following best distinguishes accountancy from accounting?

Who defined “Accountancy” as the theory and practice of accounting?

According to the American Accounting Association (AAA), accounting is:

Where is the headquarters of AICPA located?

In which year was the American Institute of Certified Public Accountants (AICPA) founded?

Which of the following statements best describes accounting?

From the following budget, which gives a summary of all functional budget

The difference between the balance of a fixed asset a/c and the related accumulated depreciation a/e is termed as:

Which of the following is the most important reason for studying accounting?

The balance sheet is related to the income statement in the same way that:

Which of the following results in the flow of funds?

Which account is to be prepared when revised values are not to appear in the new balance sheet framed after the retirement or death of a partner?

By-products should be valued at:

General provision for doubtful debts in case of standard assets is to be made by a banking company is

A and B are partners in a business sharing profit and loss in the ratio of 3:2 they admit a new partner C with 1/5 share in the profits. Calculate the new profit sharing ratio of the partners

General provision for doubtful debts in case of standard assets is to be made by a banking company is

A and B are partners in a business sharing profit and loss in the ratio of 3:2 they admit a new partner C with 1/5 share in the profits. Calculate the new profit sharing ratio of the partners

In hotel business room rate is fixed on the basis of

Taxation provision made by the subsidiary company will appear in consolidated balance sheet as an item of