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Test: Accounting Policies


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15 Questions MCQ Test Principles and Practice of Accounting | Test: Accounting Policies

Test: Accounting Policies for CA Foundation 2023 is part of Principles and Practice of Accounting preparation. The Test: Accounting Policies questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Accounting Policies MCQs are made for CA Foundation 2023 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Accounting Policies below.
Solutions of Test: Accounting Policies questions in English are available as part of our Principles and Practice of Accounting for CA Foundation & Test: Accounting Policies solutions in Hindi for Principles and Practice of Accounting course. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Attempt Test: Accounting Policies | 15 questions in 15 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study Principles and Practice of Accounting for CA Foundation Exam | Download free PDF with solutions
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Test: Accounting Policies - Question 1

Accounting principles and policies are to be standardised to achieve:

Test: Accounting Policies - Question 2

 Accounting policies refer to specific accounting 

Test: Accounting Policies - Question 3

Selection of an inappropriate accounting policy may lead to :

Test: Accounting Policies - Question 4

Which is not an example of an accounting policy: 

Test: Accounting Policies - Question 5

The areas wherein different accounting policies can be adopted are 

Test: Accounting Policies - Question 6

A Change in accounting Policy is justified 

Test: Accounting Policies - Question 7

Which of the following is not an example of change in accounting policy?

Test: Accounting Policies - Question 8

 Accounting policies: 

Test: Accounting Policies - Question 9

A change in Accounting Policy is justified to :

Test: Accounting Policies - Question 10

Accounting policy for inventories of Xeta Enterprises states that inventories are valued at the lower of cost determined on weighted average basis or not realizable value. Which accounting principle in followed in adopting the above policy?

Test: Accounting Policies - Question 11

The area wherein different accounting policies can be adopted are:

Test: Accounting Policies - Question 12

As per AS 1 disclosure should form part of :

Test: Accounting Policies - Question 13

Selection of an inappropriate accounting policy decision may

Test: Accounting Policies - Question 14

Which of the following is one of the major considerations governing the selection and application of accounting policy: 

Test: Accounting Policies - Question 15

 Selection of appropriate accounting policies is not based on: 

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