A. Accounting statements be prepared annually
B. Cash book should maintain periodically
C. No personal opinion while preparing financial statements
D. None of these
Brief facts about this MCQs:
The accounting data should consistently stay accurate and be free of personal opinions. Make sure the data is also supported by evidence that can include vouchers, receipts, and invoices. Having an objective viewpoint, in this case, helps rely on financial results. For example, your viewpoint may not be objective if you once worked for the same company that you are now an auditor for because your relationship with this client might skew your work.
Also Read: fybcom financial accounting mcqs with answers pdf