The 'Cost Accounting Standards' are issued by: MCQ with Answer and Explanation

Question

Share Report Error

The 'Cost Accounting Standards' are issued by:

A. SEBI

B. ICAI

C. MCA

D. Institute of Cost Accountants of India (ICMAI)

Answer: Option D

Solution (By JKSSB Mock Tests)

ICMAI (formerly ICWAI) issues Cost Accounting Standards.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1

The primary regulator of Mutual Funds in India is:

A. SEBI

B. RBI

C. AMFI

D. IRDAI

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
The Securities and Exchange Board of India (SEBI) regulates all capital market entities, including mutual funds.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

The term 'Window Dressing' in accounting refers to:

A. Manipulation of financial statements to present a better picture

B. Auditing process

C. Decorating the office

D. Maintaining proper records

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Window dressing is the act of manipulating financial data to make the company's financial position appear more favorable than it actually is.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3

In journal, a compound entry involves:

A. One debit and one credit only

B. Only nominal accounts

C. Only two accounts

D. More than one debit or more than one credit

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
A compound journal entry has more than one debit or more than one credit, affecting multiple accounts.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Explore All Accountancy and Book Keeping MCQs