All Courses
Get the App Signup / Login
Sign in Open App
CA Foundation Exam  >  CA Foundation Tests  >  Test: Accounting As A Measurement Discipline- 1 - CA Foundation MCQ

Test: Accounting As A Measurement Discipline- 1 - CA Foundation MCQ


Test Description

15 Questions MCQ Test - Test: Accounting As A Measurement Discipline- 1

Test: Accounting As A Measurement Discipline- 1 for CA Foundation 2024 is part of CA Foundation preparation. The Test: Accounting As A Measurement Discipline- 1 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Accounting As A Measurement Discipline- 1 MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Accounting As A Measurement Discipline- 1 below.
Solutions of Test: Accounting As A Measurement Discipline- 1 questions in English are available as part of our course for CA Foundation & Test: Accounting As A Measurement Discipline- 1 solutions in Hindi for CA Foundation course. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Attempt Test: Accounting As A Measurement Discipline- 1 | 15 questions in 15 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study for CA Foundation Exam | Download free PDF with solutions
Test: Accounting As A Measurement Discipline- 1 - Question 1
Save

Book value of machinery on 31st March, 2011      10,00,000
Market value as on 31st March, 2011                   11,00,000
As on 31st March, 2011, if the company values the machinery
At Rs. 11,00,000 which of the following valuation principle is being followed?

Test: Accounting As A Measurement Discipline- 1 - Question 2
Save

The long term assets that have no physical existence but are rights that have value is known as

1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Accounting As A Measurement Discipline- 1 - Question 3
Save

Mohan purchased a machinery amounting Rs. 10,00,000 on 1st April, 2001. On 31st March, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.

Q. The historical cost of machinery is:

Test: Accounting As A Measurement Discipline- 1 - Question 4
Save

 Change in Accounting estimate means:
Test: Accounting As A Measurement Discipline- 1 - Question 5
Save

ABC Ltd. purchased a building by paying Rs 50,00,000 as on 1st April, 2000. On 1st April, 2007 it found that it would cost Rs. 1,50,00,000 to purchase the similar building. This value of Rs. 1,50,00,000 is known as : 
Test: Accounting As A Measurement Discipline- 1 - Question 6
Save

Change in accounting estimate means : 
Test: Accounting As A Measurement Discipline- 1 - Question 7
Save

Gross Book value of a Fixed Asset is its: 
Test: Accounting As A Measurement Discipline- 1 - Question 8
Save

 Change in accounting estimate means:
Test: Accounting As A Measurement Discipline- 1 - Question 9
Save

Mohan purchased a machinery amounting Rs. 10,00,000 on 1st April, 2001. On 31st March, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.

Q. The realizable value of machinery is:
Test: Accounting As A Measurement Discipline- 1 - Question 10
Save

Mohan purchased a machinery amounting Rs. 10,00,000 on 1st April, 2001. On 31st March, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.

Q. The present value of machinery is 
Test: Accounting As A Measurement Discipline- 1 - Question 11
Save

All of the following are valuation principles except: 
Test: Accounting As A Measurement Discipline- 1 - Question 12
Save

In Accounting Money is the : 
Test: Accounting As A Measurement Discipline- 1 - Question 13
Save

Mohan purchased a machinery amounting Rs. 10,00,000 on 1st April, 2001. On 31st March, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.

Q. The current cost of the machinery is:
Test: Accounting As A Measurement Discipline- 1 - Question 14
Save

There are ________generally accepted measurement bases or valuation principles : 
Test: Accounting As A Measurement Discipline- 1 - Question 15
Save

Measurement discipline deals with:
Information about Test: Accounting As A Measurement Discipline- 1 Page
In this test you can find the Exam questions for Test: Accounting As A Measurement Discipline- 1 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Accounting As A Measurement Discipline- 1, EduRev gives you an ample number of Online tests for practice

Top Courses for CA Foundation

Download as PDF

Top Courses for CA Foundation

Important Questions for Accounting As A Measurement Discipline- 1

Find all the important questions for Accounting As A Measurement Discipline- 1 at EduRev.Get fully prepared for Accounting As A Measurement Discipline- 1 with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Accounting As A Measurement Discipline- 1 syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Accounting As A Measurement Discipline- 1 resources.

Accounting As A Measurement Discipline- 1 MCQs with Answers

Prepare for the Accounting As A Measurement Discipline- 1 within the CA Foundation exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Accounting As A Measurement Discipline- 1

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Accounting As A Measurement Discipline- 1 with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup