.
Book Keeping
Management Accounting
Financial Accounting
Cost Accounting
Interpret and record the effects of business transaction
Classify the effects of transactions to facilitate the preparation of reports
Summarize and communicate information to users
Dictate the specific types of business enterprise transactions that the enterprise may engage in
Recording of financial data
Designing the systems in recording, classifying and summarizing the recorded data
Interpreting the data for internal and external users
Analyzing the financial data
Decision Making
Forecasting
Measurement
Ledger Posting
Records under the book keeping process
Trial Balance
Accounting Reports
Balance Sheet
True
False
Assets expressed in monetary terms
Liabilities expressed in monetary terms
Only assets expressed in non-monetary terms
Assets and Liabilities expressed in non-monetary terms
An event
A Transaction
A transaction as well as an event
Neither a transaction nor an event
Creditors & Customers
Creditors but not Customers
Neither Customers Nor Creditors
Customers but not Creditors
An event
A Transaction
A transaction as well as an event
Neither a transaction nor an event
Consistency
Entity
Going Concern
Accrual
Understandability and Materiality
Relevance and Reliability
Neutrality and Understandability
Materiality and Reliability
Comparability
Convenience
Consistency
Computability
Entity
Periodicity
Matching
Conservatism
Money Measurement
Conservatism
Cost
Periodicity
Resale
Conversion into Cash
Earning Revenue
Creating Liabilities
Objectivity
Materiality
Matching
Periodicity
Entity
Matching
Periodicity
Accrual
Cost
Matching
Accrual
Periodicity
Central Government
Reserve Bank of India
Ministry of Finance
Institute of Chartered Accountants of India
Harmonize Accounting Policies
Eliminate the non-comparability of financial statements
Improve the reliability of financial statements
Facilitate manipulation
25
39
32
22
Transparency
Consistency
Comparability
All of the options given
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