Central Armed Police Forces - Assistant Commandant (UPSC CAPF AC & CPO SI)

National Security & Border Management question bank (General Studies, Internal Security & Disaster Management)

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Q1.

Accounting & Regulatory Compliance: Under applicable statutory guidelines in 'Border Guarding Forces BSF ITBP SSB and Coast Guard' (National Security & Border Management), what is the mandatory financial treatment or disclosure requirement?

(A)

Strict accrual-based recognition ensuring revenue matches incurred expenses for the accounting period (Border Guarding Forces BSF ITBP SSB and Coast Guard)

(B)

Cash-basis omission of unbilled accrued liabilities without footnote disclosure

(C)

Arbitrary capitalization of regular operational expenses without future economic benefit

(D)

Off-balance sheet concealment of material contingent liabilities

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Q2.

Accounting & Regulatory Compliance: Under applicable statutory guidelines in 'Internal Security Challenges Insurgency Left-Wing Extremism' (National Security & Border Management), what is the mandatory financial treatment or disclosure requirement?

(A)

Strict accrual-based recognition ensuring revenue matches incurred expenses for the accounting period (Internal Security Challenges Insurgency Left-Wing Extremism)

(B)

Cash-basis omission of unbilled accrued liabilities without footnote disclosure

(C)

Arbitrary capitalization of regular operational expenses without future economic benefit

(D)

Off-balance sheet concealment of material contingent liabilities

Show answer & solution

Verified Answer & Solution Locked

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