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Latest 20 QuestionsState the Duties, Powers and Functions of Insurance Regulatory Development and Authority?
Proprietor (owner) is treated as creditor of business due to: a) Periodicity concept b) Materiality Principle c) Entity Concept d) Consistency concept
Unpaid expenses are: a) Outstanding Liabilities b) Prepaid expenses c) Unaccrued expenses d) All of these
Estimated selling price less estimated cost of sales is: a) Net Realizable Value b) Cost of purchase c) Cost of goods sold d) None
Cash of Rs. 2,000 is withdrawn for personal expenses. This will be debited to which account: a) Drawings A/C b) Creditors A/C c) Capital A/C d) Cash A/C
State the objectives of Insurance Regulatory and Development Authority?
Fixed assets and current assets are categorized as per concept of: a) Separate entity b) Going concern c) Consistency d) Time period
The obligations of an enterprise other than owner's fund are known as: a) Assets b) Liabilities c) Capital d) None of these
Which of these is not a fundamental accounting assumption? a) Going Concern b) Consistency c) Conservatism d) Accrual
Accounting does not record non- financial transactions because of: a) Accrual concept b) Cost Concept c) Continuity Concept d) Money Measurement Concept
What is the meaning of Insurance Regulatory and Development Authority(IRDA)?
Omission of paise and showing the round figures in financial statements is based on: a) Conservatism Concept b) Consistency Concept c) Materiality Concept d) Realization Concept
State the SEBI Guidelines on Book building?
During the life time of an entity accountants prepare financial statements at arbitrary points of time as per: a) Prudence b) Consistency c) Periodicity d) Matching
Which financial statement represents the accounting equation ASSETS= LIABILITIES+ OWNER'S EQUITY a) Income Statement b) Cash Flow Statement c) Balance Sheet d) Funds Flow Statement
Window dressing of Accounts means: a) Presenting accounts in beautiful manner b) Showing more losses to avoid income tax c) Showing more profits to attract investments d) All of the above
Define Book Building?
State the SEBI guidelines for debentures issued for public subscription?
State the SEBI Guidelines for Right Issue?
State the SEBI Guidelines for Bonus Issue?
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