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Commerce Quiz 27 || UGC NET Paper 2 || Accounting and Auditing

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Question 1

Which one of the following is not an example of ‘financing activities’ with reference to cash flow statement?

Question 2

Which one of the following statements is true about estimated costs and standard costs?

Question 3

Which one of the following statements is not true?

Question 4

Assertion (A): Personal transactions of the owners of the business are not recorded in the books.

Reasoning (R): According to the business entity concept, each business enterprise is considered as an accounting unit separate from owners.

Question 5

A reduction from the list price that is offered by a seller to buyers in payment for marketing functions the buyers will perform is known as:
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Sep 16UGC NET & SET

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Tanuj BansalTanuj BansalMember since Aug 2019
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