Test: Accounting Standards


15 Questions MCQ Test Crash Course of Accountancy - Class 11 | Test: Accounting Standards


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Attempt Test: Accounting Standards | 15 questions in 15 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study Crash Course of Accountancy - Class 11 for CA Foundation Exam | Download free PDF with solutions
QUESTION: 1

  IASB stands for: 

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QUESTION: 2

Accounting Standards refers to specific accounting : 

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QUESTION: 3

Match the following 
(A) AS 26     (i) Impairment of Assets 
(B) AS 10     (ii) Discounting operations 
(C) AS 28     (iii) Intangible assets 
(D) AS 24     (iv) Accounting for Fixed Assets 
The Correct alternative is:

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QUESTION: 4

AS 2 is on :

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QUESTION: 5

All of the following are limitations of Accounting Standards except

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QUESTION: 6

Which of the following provide framework and accounting policies so that the financial statements of different enterprise become comparable ?

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QUESTION: 7

Accounting for Fixed Assets: 

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QUESTION: 8

Accounting Standards

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QUESTION: 9

Accounting Standards in India are issued by

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QUESTION: 10

How many Accounting Standards have been issued by ICAI?

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QUESTION: 11

 Consistency with reference to application of accounting principles refer to the 

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QUESTION: 12

 It is essential to standardize the accounting principles and policies in order to ensure

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QUESTION: 13

 AS – 8 on Accounting for Research and Development: 

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QUESTION: 14

 Accounting Standards ________ the statue:

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QUESTION: 15

 The purpose of Accounting Standards is to : 

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