Related InterviewSolutions

• Identify the stakeholder group who would be most interested in the following : (i) The ethical or enviromental activities of the firm. (ii) Whether the firm has a long term future. (iii) The ability of the firm to carry on providing quality products.
• In accounts recording is made of :A. Only financial transactionsB. Only Non-financial transactionsC. Financial as well as non-financial transactionsD. Personal transactions of the proprietor
• Ghanshyam is a furniture dealer. Which one of the following will not be recorded in his books?A. Purchase of timber for Rs. 50,000B. Sofa set worth Rs. 40,000 taken to his homeC. Sale of houseland furniture for Rs. 5,000D. Dining table of Rs. 30,000 given to his friend as gift
• Which of the following transactions is not financial character?A. Purchase of asset on creditB. Purchase of asset for cashC. Withdrawing of money by proprietor from businessD. Strike by Employees
• State any six of accounting information Why do they need accounting information ?