Test: Accounting Policies


15 Questions MCQ Test Fundamentals of Accounting for CA CPT | Test: Accounting Policies


Description
This mock test of Test: Accounting Policies for CA Foundation helps you for every CA Foundation entrance exam. This contains 15 Multiple Choice Questions for CA Foundation Test: Accounting Policies (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Accounting Policies quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Accounting Policies exercise for a better result in the exam. You can find other Test: Accounting Policies extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

Accounting principles and policies are to be standardised to achieve:

Solution:
QUESTION: 2

 Accounting policies refer to specific accounting 

Solution:
QUESTION: 3

Selection of an inappropriate accounting policy may lead to :

Solution:
QUESTION: 4

Which is not an example of an accounting policy: 

Solution:
QUESTION: 5

The areas wherein different accounting policies can be adopted are 

Solution:
QUESTION: 6

A Change in accounting Policy is justified 

Solution:
QUESTION: 7

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

Solution:
QUESTION: 8

 Accounting policies: 

Solution:
QUESTION: 9

A change in Accounting Policy is justified to :

Solution:
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?

Solution:
QUESTION: 11

The area wherein different accounting policies can be adopted are:

Solution:
QUESTION: 12

As per AS 1 disclosure should form part of :

Solution:
QUESTION: 13

Selection of an inappropriate accounting policy decision may

Solution:
QUESTION: 14

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

Solution:
QUESTION: 15

 Selection of appropriate accounting policies is not based on: 

Solution:

Related tests