The 'Zero Base Budgeting' (ZBB) was first introduced in a country by: MCQ with Answer and Explanation

Question

Share Report Error

The 'Zero Base Budgeting' (ZBB) was first introduced in a country by:

A. USA

B. Japan

C. India

D. UK

Answer: Option A

Solution (By JKSSB Mock Tests)

ZBB was popularised in the 1970s in the United States.

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

An auditor's primary responsibility is to:

A. Compute tax liability

B. Detect all frauds

C. Prepare financial statements

D. Express an opinion on the financial statements

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
Auditor examines the financial statements and provides an opinion whether they give a true and fair view.

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

Question #2

Rectifying an error of entering Rs 800 as Rs 80 in the Sales Book involves:

A. Crediting Sales A/c by Rs 720 and Debiting Customer A/c by Rs 720

B. Debiting Sales A/c by Rs 720

C. Debiting Suspense A/c by Rs 720

D. Crediting Suspense A/c by Rs 720

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Since it was undercast by Rs 720 in the original book, both the Customer (Debit) and Sales (Credit) accounts need to be increased by Rs 720.

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

Question #3

A voucher that supports a transaction is called:

A. Transfer voucher

B. Source voucher

C. Journal voucher

D. Cash voucher

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Source vouchers are original documents like invoices, receipts that prove a transaction occurred.

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

Explore All Accountancy and Book Keeping MCQs