CBSE Questions for Class 9 Elements Of Book Keeping And Accountancy Introduction To Book Keeping And Accounting Quiz 2 - MCQExams.com

To be reliable, accounting information must _________________.
  • Be available in time
  • Help in prediction and feedback
  • Influence the decisions of users
  • All of the above
Financial statements are used by _______ .
  • owners
  • creditors
  • investors
  • all the three
_______ is/are sub-field(s) of Accounting.
  • Management Accounting
  • Cost Accounting
  • Financial Accounting
  • All of the above
Which branch of Accounting is concerned with ascertainment and control of cost of business activities?
  • Cost Accounting
  • Management Accounting
  • Human Resource Accounting
  • Financial Accounting
Which branch of Accounting caters to information requirement of external users of financial statements?
  • Cost Accounting
  • Management Accounting
  • Human Resource Accounting
  • Financial Accounting
Irregularities, frauds and misappropriations can be detected only because of books accounts.
  • True
  • False
When information about two different enterprises have been prepared presented in a similar manner, the information exhibits the characteristics of______________.
  • Verifiability
  • Relevance
  • Reliability
  • None of these
The primary qualities that make accounting information useful for decision making are_________.
  • Relevance and freedom from bias
  • Reliability and Relevance
  • Comparability and consistency
  • None of these
State true of false :
Accounting is useful only to the owner. 
  • True
  • False
_______ is/are sub-field of Accounting.
  • Social Re-engineering
  • Human Resource Accounting
  • Social Responsibility Accounting
  • Management Accounting
If presentation of financial information/statement or accounting policy is designed with a pre-designed motive to influence the decision-making or judgement or achieve a pre-determined result or object, the financial statement are not said to have satisfied the criteria of ___________.
  • Relevance
  • Materiality
  • Neutrality
  • Substance over form
Which of these would be considered as external user of the financial statements?
  • Board of directors
  • Shareholders
  • Finance manager
  • Production manager
Accounts that are prepared in order to comply with statutory requirement and to cater the information requirement of external users are known as 
  • Management Accounts
  • Financial Accounts
  • Management information systems
  • Cost accounts
The users of financial statements include _______ .
  • shareholders
  • government
  • lenders
  • all of the above
Two primary qualitative characteristics of financial statements are _________.
  • Understandability and Materiality
  • Relevance and Reliability
  • Relevance and Understandability
  • Materiality and Reliability
_____________ is/are not characteristics of Financial Statement.
  • Compatibility
  • Relevance
  • Understandability
  • Reliability
____________ are important characteristics of Financial Statement.
  • Understandability
  • Comparability
  • Reliability
  • All of the above
Which of the following are users of accounting information?
  • Creditors
  • Lenders
  • Customers
  • All of the above
Which of the following would be considered as an internal user of the financial statements?
  • Shareholder
  • Credotor
  • Debtor
  • Finance Manager
________ is/are not characteristic of financial statement.
  • Prudence
  • Full, fair and adequate disclosure
  • Flexibility
  • Faithful representation
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Practice Class 9 Elements Of Book Keeping And Accountancy Quiz Questions and Answers