Tag: bookkeeping
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120 UPSC-Level MCQs on Accountancy and Audit
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(as per UPSC EPFO Syllabus) Below is a set of 120 multiple-choice questions (MCQs) at UPSC level, based on the UPSC EPFO syllabus for Accountancy and Audit. The questions cover key topics such as accounting principles, financial statements, depreciation, cost accounting, management accounting, auditing principles, types of audits, vouching, verification, and related areas. Each question…
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Capital and Revenue Profit and Losses, and Depreciation: UPSC EPFO APFC
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1. Capital and Revenue Profit Revenue Profit Capital Profit 2. Capital and Revenue Losses Revenue Losses Capital Losses 3. Depreciation: Meaning and Features Meaning of Depreciation Features of Depreciation 4. Methods of Calculating Depreciation As per Accounting Standard-6, the selected method should be used consistently; a change is allowed only in specific circumstances. 1. Straight…
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