The 'FASB' is the accounting standard-setting body of: MCQ with Answer and Explanation

Explanation:
A Journal Voucher (or Transfer Voucher) is used for internal adjustments and non-cash transactions like depreciation. A Contra Voucher is used for transactions involving both cash and bank, like depositing cash into the bank. Both are correct.

Explanation:
Compensation cess compensates states for revenue shortfall during the transition period.

Explanation:
Vote on Account is a provision for meeting expenses for a short period before the full budget is passed.