The 'Green Accounting' is also known as: MCQ with Answer and Explanation

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The 'Green Accounting' is also known as:

A. Human resource accounting

B. Social accounting

C. Environmental accounting

D. Inflation accounting

Answer: Option C

Solution (By JKSSB Mock Tests)

Green accounting incorporates environmental costs and benefits.

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

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Practice More Accountancy and Book Keeping Questions

Question #1

Under-casting of a Sales book by Rs 1,000 will result in:

A. No effect on the Trial Balance totals

B. Suspense account with a debit balance

C. Credit column of Trial Balance being short by Rs 1,000

D. Debit column of Trial Balance being short by Rs 1,000

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Correct Answer: Option C

Explanation:
Sales have a credit balance. If it's under-casted, the total credit postings will be Rs 1,000 less, making the credit column short.

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

Question #2

The 'Revenue Deficit' is:

A. Fiscal deficit minus borrowings

B. Total expenditure minus total receipts

C. Capital expenditure minus capital receipts

D. Revenue expenditure minus revenue receipts

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Correct Answer: Option D

Explanation:
Revenue deficit = Revenue expenditure - Revenue receipts.

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

Question #3

Working capital is calculated as:

A. Current assets - Current liabilities

B. Quick assets - Current liabilities

C. Fixed assets - Long-term liabilities

D. Total assets - Total liabilities

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Correct Answer: Option A

Explanation:
Working capital = Current assets - Current liabilities.

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

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