Accounting - Practice Test

(A) Capital at the end-drawing

(B) Capital at the end of the year

(C) On Average capital

(D) Opening capital of the year

(D) Opening capital of the year

(A) Fair value of financial instruments

(B) Carrying amounts of categories of financial instruments

(C) Information about the use of hedge accounting

(D) Information about financial instruments, contracts and obligations under share based payment transactions

(D) Information about financial instruments, contracts and obligations under share based payment transactions

(A) Legal expenses incurred on the purchase of land

(B) Expenses on a mega advertisement campaign while launching a new product

(C) Expenses incurred on installation of a new machine

(D) Wages paid for construction of an additional room in the building

(B) Expenses on a mega advertisement campaign while launching a new product

(A) Receipt and Payment Account

(B) Profit and Loss Account

(C) Fund Flow Statement

(D) Income and Expenditute Account

(D) Income and Expenditute Account

(A) concept of full disclosure

(B) concept of conservatism

(C) concept of materiality

(D) dual aspect concept

(A) concept of full disclosure

Accounting - Study Mode