The 'Monetary Unit Sampling' (MUS) is a: MCQ with Answer and Explanation

Question
The 'Monetary Unit Sampling' (MUS) is a:
A. Statistical sampling method that uses value-weighted selection
B. Random number sampling
C. Haphazard selection
D. Non-statistical method
Answer: Option A
Solution (By JKSSB Mock Tests)
MUS selects sample items based on monetary units, focusing on larger values.
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
A 'Debenture Redemption Reserve' is required to be created as per:
A. GST Act
B. SEBI regulations
C. Companies Act, 2013
D. Income Tax Act
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
Companies Act 2013 requires creation of Debenture Redemption Reserve for debentures issued.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
The 'Set-off and Carry Forward' of losses is governed by:
A. Companies Act
B. Sections 70 to 80 of Income Tax Act
C. GST Act
D. Partnership Act
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Provisions for set-off and carry forward of losses are contained in Sections 70-80.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
Under the capitalization of super profit method, goodwill is calculated as:
A. Super Profit / Normal Rate of Return
B. Average Profit / Normal Rate of Return
C. Capital Employed - Super Profit
D. Super Profit * Number of Years Purchase
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Capitalization of super profit determines the capital value of the excess profits by dividing Super Profit by the Normal Rate of Return.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Explore All Accountancy and Book Keeping MCQs
Today's Top Topics
Accountancy and Book Keeping 1861 Statistics 1318
Explore Subjects
Accountancy and Statistics 3179 Economy GK 2220 English 15164 Computer 5279 Current Affairs 575
Practice Mix
Which of the following is an indirect tax in India?
The valve between the left atrium and left ventricle is the:
A person faces north. He turns 45° left, then 90° right, then 45° left. Which direction is he facing?
Under the Income Tax Act, the 'TDS' on the sale of an immovable property (other than agricultural land) by a resident is governed by which section, and what is the rate?
In 'Piecemeal Distribution' during dissolution, the first priority for payment of outside liabilities is: