Which of the following is considered a 'Recent Development' in environmental accounting? MCQ with Answer and Explanation

Question
Which of the following is considered a 'Recent Development' in environmental accounting?
A. Cash Book Management
B. Carbon Credit Accounting
C. Trial Balance Preparation
D. Double Entry System
Answer: Option B
Solution (By JKSSB Mock Tests)
Accounting for carbon credits (emissions trading) is a modern concept dealing with intangible assets related to environmental compliance.
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
If BRS is prepared starting with a credit balance as per Cash Book (overdraft), interest allowed by the bank will be:
A. Treated as an error
B. Deducted
C. Added
D. Not treated in BRS
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Interest allowed reduces the actual bank overdraft (Pass book). To make the Cash book overdraft match this lower figure, it must be deducted.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
The term 'Audit' originates from the Latin word:
A. Audito
B. Audire
C. Auditare
D. Auditas
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
The word 'audit' comes from the Latin 'audire' meaning 'to hear'.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
The 'Margin of Safety' is calculated as:
A. Variable cost - Fixed cost
B. Actual sales - Break-even sales
C. Profit / Sales
D. Fixed cost / P/V ratio
Discuss
Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Margin of safety = Actual sales - Break-even sales.
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: