MCQ Collection
BPSC Accounts Audit Finance MCQs
Practice BPSC Accounts Audit Finance questions with answers and explanations.
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Correct Answer: D. 15
Explanation:
Divide both sides by 2: x = 30/2 = 15.
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Correct Answer: D. ledger
Explanation:
ledger is the term that matches the description: the collection of accounts used to classify transactions
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Correct Answer: A. outstanding borrowing of government
Explanation:
public debt refers to outstanding borrowing of government
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Correct Answer: D. qualified opinion
Explanation:
qualified opinion is the term that matches the description: an opinion modified for a material but not pervasive issue
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Correct Answer: A. freedom from relationships that compromise objective judgement
Explanation:
independence refers to freedom from relationships that compromise objective judgement
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Correct Answer: C. 29
Explanation:
The sum is 174 and there are 6 values, so the average is 29.
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Correct Answer: A. independence
Explanation:
independence is the term that matches the description: freedom from relationships that compromise objective judgement
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Correct Answer: D. 19
Explanation:
The sum is 76 and there are 4 values, so the average is 19.
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Correct Answer: B. recording each transaction with equal debit and credit effects
Explanation:
double-entry system refers to recording each transaction with equal debit and credit effects
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Correct Answer: A. 15
Explanation:
15% of 100 = 15/100 × 100 = 15.
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Correct Answer: B. legal authority to spend public money for specified purposes
Explanation:
appropriation refers to legal authority to spend public money for specified purposes
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Correct Answer: C. budget
Explanation:
budget is the term that matches the description: a financial plan of expected revenue and expenditure