Accountancy Test

Directions For Questions

Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R).

Assertion (A): A company has postponed paying suppliers, so that the period-end cash balance appears higher in the books of the company. This is an example of window dressing.

Reason (R): Through window dressing, a company can present a better financial position of the firm than the actual position.

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Question 1/10

Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).

Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).

Assertion (A) is true, but Reason (R) is false.

Assertion (A) is false, but Reason (R) is true.

Question 2/10

Double declining balance method

Straight-line method

Sum-of-the-years-digits method

Units of production method

Question 3/10

Cost of Training

Staff Opposition

System Failure

Quality Reports

Question 4/10

To secure the account, reports etc.

Easy to process data, keeping proper records

The encryption of data

The generation of mnemonic code

Question 5/10

anywhere

on the corner only

on the right side only

on the bottom of X-axis

Question 6/10

(A) - (II), (B) - (IV), (C) - (III), (D) - (I)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

Question 7/10

Issue of Shares

Repayment of Bank Loan

Redemption of Debentures

Rent received

Question 8/10

Directors

Auditors

Shareholders

Management

Question 9/10

A-III, B-II, C-IV, D-I

A-I, B-II, C-III, D-IV

A-IV, B-I, C-II, D-III

A-II, B-III, C-IV, D-I

Question 10/10

A-III, B-II, C-IV, D-I

A-II, B-I, C-III, D-IV

A-IV, B-III, C-II, D-I

A-II, B-IV, C-I, D-III