ICWA Entrance Exams

I want ICWA Entrance Exams sample question paper for Financial Accounting. So please provide me.

[Saksham]

Here you are looking for ICWA Entrance Exams sample question paper for Financial Accounting. As you want here I am providing you.

1. Indicate the correct answer:

A. The output of financial accounting is

i. The measurement of accounting income
ii. The measurement of taxable income
iii. The preparation of financial statements
iv. The preparation of financial Position

B. The basic objective of financial accounting is to:

i. Provide quantitative information to users of financial statements
ii. Satisfy the legal requirements
iii. Report income to the shareholders
iv. Satisfy listing requirements of stock exchanges

C. Information about performance is disclosed by:

i. Balance sheet
ii. Statement of cash flows
iii. Profit and loss account
iv. Both (i) and (ii)

D. The lessee’s right to recover the short working is related to:

i. First five years
ii. Last three years
iii. Terms of the agreement
iv. None of the above.


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