CA/CS Foundation MCQ Question Accounting And Introduction III
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Test Preparation on CA/CS Foundation MCQ Questions Accounting And Introduction III
1.
AS-1 requires the significantaccounting policies
1
May be disclosed selectively atthe discretion of themanagement
2
Should be disclosed at oneplace
3
Need not be disclosed at oneplace
4
Should not form part ofpublished accounts
2.
AS-8 on accounting for Researchand Development
1
Is applicable to only listedcompanies
2
Is replaced by AS-28
3
Is applicable till 31.3.2011
4
Is mandatory for researchinstitutions
3.
Net realizable value means
1
Sales less sales returns
2
Sales less gross profit margin
3
Sales less cost incurrednecessarily to make the sale
4
Sales less cost of purchase
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