Question 4 :
In a mercantile system of accounting adjustment is required for _______.

Question 5 :
How many accounting standards presently issued by ICAI and notified by CG?

Question 7 :
______ is the Accounting method that recognizes the impact of transactions on the financial statements in the time periods when cash is disbursed or received.

Question 9 :
Match the items of the following two lists and indicate the correct answer:<table class="wysiwyg-table"><tbody><tr><td>List - I</td><td>List - II</td></tr><tr><td>(i) Earning ability of firm</td><td>(a) Basis of Accounting</td></tr><tr><td>(ii) Conservation</td><td>(b) P/V ratio</td></tr><tr><td>(iii) Cash profit</td><td>(c) Cash flow statement</td></tr><tr><td>(iv) Cash and Accrual</td><td>(d) Prudence</td></tr></tbody></table>

Question 10 :
How many Accounting Standards have been issued by the Institute of Chartered Accountants of India?

Question 15 :
The basis for double entry system of book keeping which is universally used is __________.<br/>

Question 17 :
The system of recording transaction based on dual aspect concept is called ________________.

Question 21 :
When a fixed asset is acquired in exchange for another asset, its cost is usually determined by reference to the_________________.

Question 22 :
Under GST, credit availed of all the taxes paid is termed as __________.

Question 23 :
GST is applicable to all dealers with a turnover of over ______.

Question 25 :
According to Accounting Standard-2, inventory is to be valued at __________.

Question 26 :
An expenditure incurred relating to fixed asset resulting in increase in capacity of the asset should be_____________.

Question 27 :
As per AS-2, inventories are valued at lower of cost or_______.