Type of accounting, which focuses on whom should be asked for information and whom not will be categorized as

Which of the following statements are true/ false?
1. Every employer shall be bound to pay to every employee in respect of the accounting year commencing on any day in the year 1979 and in respect of every subsequent accounting year, a minimum bonus which shall be 9.33% of the salary or wages earned by the employee during the accounting year or one hundred rupees, whichever is higher, whether or not the employer has any allocable surplus in the accounting year.
2. Bonus will be paid in cash to the employees.
3. If the allocable surplus exceeds the amount of minimum bonus payable to the employees, the employer is bound to pay to every employee in respect of that accounting year bonus which shall be an amount in proportion to the salary or wages earned by the employee during the accounting year subject to a maximum of 10% of such salary or wage.
4. Bonus needs to be paid within a period of eight months from the close of the accounting year.

A

1, 2, 3 and 4 are true

B

1, 3 are true and 2, 4 are false

C

2, 4 are true and 1, 3 are false

D

3, 4 are true and 2, 1 are false

The work associated with software engineering can be categorized into three generic phases,regardless of application area, project size, or complexity namely the__________ phase which focuses on what, the_________ phase which focuses on how and the_________ phase which focuses on change. i. support ii. development iii. definition

A

1, 2, 3

B

2, 1, 3

C

3, 2, 1

D

3, 1, 2

Regardless of application area, project size, or complexity, software development work may be divided into three generic phases: the__________ phase, which focuses on what, the_________ phase, which focuses on how, and the_________ phase, which focuses on change. i. support ii. development iii. definition

A

iii, ii, i

B

iii, i, ii

C

i, ii, iii

D

ii, i, iii

Select the correct answer of the following statements being correct or incorrect.
1. Strategic HRM focuses on specific organisational intentions about what needs to be done while HR strategies focus on long-term issues only.
2. Strategic HRM focuses on macro concerns such as structure and culture while HR strategy focuses on specific issues assigned.
3. Human Resource strategy decisions are derived from strategic HRM.

A

Statements I and II are correct while Statement III is incorrect

B

Statements II and III are correct while Statement I is incorrect

C

Statements I and III are correct while Statement II is incorrect

D

All the statements are correct

Given below are two statement. one labelled as Assertion (A) and other as Reason (R):
Assertion (A): Cost accounting is complementary to financial accounting.
Reason (R): The result of cost accounting are not trustworthy.
Choose the correct answer

A

Both (A) and (R) are true and (R) is correct explanation of (A)

B

Both (A) and (R) are true but (R) is not the correct explanation of (R)

C

(A) is true but (R) is false

D

(A) is false but (R) is true

S₁:Once King Shantnu met a young and beautiful fisher girl.
P :He went to the fisherman and asked him for her asked him for her hand in marriage.
Q :The King was extremely sad and returned to his palace.
R :He fell in love with the fisher girl.
S :The fisherman agreed to it condition that the son of his daughter should be heir to the throne of Hastinapur.
S₆:Devavrata, the King's son, asked him the reason of his sadness.

The Proper sequence should be:

A

PQRS

B

RPSQ

C

QSPR

D

PSQR

Assertion (A) Accounting information refers to only events which are concerned with business firm.
Reason (R) Accounting information is presented in financial statements.

A

Both (A) and (R) are true and (R) is the correct explanation of (A)

B

Both (A) and (R) are true and R is not the correct explanation of (A)

C

(A) is true, but (R) is false

D

(A) is false, but (R) is true

Assertion (A): Accounting information refers to only events concerned with a business firm.
Reason (R): Accounting information is presented in financial statements.

A

(A) is correct, but (R) is incorrect

B

Both (A) and (R) are correct

C

(A) is incorrect, but (R) is correct

D

Both (A) and (R) are incorrect

Balanced scorecard perspective focuses on all operations, which leads to value creation process for customers, can be categorized as

A

learning perspective

B

financial perspective

C

internal business process perspective

D

customer perspective

Accounting rules, procedures and methods should be observed alike and should not be changed from year to year. This is called accounting convention of:

A

Consistency

B

Full disclosure

C

Conservation

D

Going concern

Type of accounting, which focuses on whom should be asked for information and whom not will be categorized as

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