Question : Codification of accounts leads to ________.
Option 1: grouping of forms
Option 2: grouping of accounts
Option 3: grouping of sub heads
Option 4: None of these
Correct Answer: grouping of accounts
Solution : The coding scheme of Account-heads should be such that it leads to the grouping of accounts at various levels so as to generate a Position Statement and Statement of Profit and Loss. Hence, the correct option is 2.
Question : Method of codification should be -
Option 1: Such that it leads to grouping of accounts
Option 2: An identification mark
Option 3: Easy to understand and leads to grouping of accounts
Option 4: None of the above
Question : Under Codification of Accounts, code means ________.
Option 1: a system of letter or figure
Option 2: a system of speech
Option 3: grouping
Option 4: All of the above
Question : Codification of Accounts required for the purpose of:
Option 1: Hierarichal relationship between groups amd components
Option 2: Data Processing faster and preparing of final accounts
Option 3: Keeping data and information secured
Question : The chemical formula of propene is:
Option 1: C2H4
Option 2: C3H4
Option 3: C2H2
Option 4: C3H6
Question : Adding Cl2 to benzene in the presence of AlCl3 is an example of:
Option 1: Elimination reaction
Option 2: Substitution reaction
Option 3: Addition reaction
Option 4: None of the options
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