CA Foundation Principles of Accounting: Questions 91 - 100 of 502

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Question number: 91

» Theoretical Framework » Meaning and Scope of Accounting

Essay Question▾

Describe in Detail

Describe about the various branches of accounting.

Explanation

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Question number: 92

» Accounting Process » Books of Accounts - Capital and Revenue Expenditures

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What is the meaning of the term Capital Expenditure? Give example.

Question number: 93

» Accounting Process » Books of Accounts - Fundamental Errors

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How do we rectify the errors?

Question number: 94

» Theoretical Framework » Accounting Concepts, Principles and Conventions

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Which accounting standard deals with the treatment of intangible assets?

Question number: 95

» Theoretical Framework » Accounting Concepts, Principles and Conventions

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Identify the assumption in the following case:

  • When sales department sold goods worth Rs. 5, 00, 000.

  • A piece of land is purchased by C ltd. for Rs. 800000 and its market value is Rs. 1000000 at the time of preparing final accounts. The land value is recorded only as Rs. 800000.

  • The accounting period of the ABC ltd is 1 - 4-2016 to 31 - 3-2017.

  • A provision for doubtful debts is created at 5 % on Debtors and 2 % of discount on debtors.

Question number: 96

» Theoretical Framework » Valuation Principles, Accounting Estimates

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Can accounting be stated as a measurement discipline? Justify your answer?

Question number: 97

» Theoretical Framework » Valuation Principles, Accounting Estimates

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Discuss the 4 generally accepted valuation principles briefly?

Question number: 98

» Theoretical Framework » Accounting Concepts, Principles and Conventions

Essay Question▾

Describe in Detail

Describe about the classification of Accounting Concepts and Conventions.

Explanation

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Question number: 99

» Theoretical Framework » Valuation Principles, Accounting Estimates

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Why do we have to know about accounting estimates?

Question number: 100

» Theoretical Framework » Accounting Concepts, Principles and Conventions

Essay Question▾

Describe in Detail

Explain meaning and nature of Accounting Principles.

Explanation

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