Accounting MCQs Accounting Mcqs
Q On scrutiny of a firm‘s books of accounts, it was observed that the following errors have occurred in the previous years but have not yet been rectified.
  • A A. I. depreciation for 2011-2012- 7,000 understated
  • B B. Ii. accrued expenses as at march 31, 2013 – 10,000 understated
  • C C. The impact of this on the reported net income for the year ending march 31, 2013 is
  • D D.
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Word of the Day
13 Jul
Debunk
expose the falseness or hollowness of (an idea or belief).
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