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Accounting Standards & Auditing question bank (General Accounting Principles & Industrial Relations)

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Q1.

General Studies & Governance: In Indian administration and constitutional framework concerning 'Principles of Accounting Journal Ledger Trial Balance' (Accounting Standards & Auditing), which constitutional provision or authority exercises primary jurisdiction?

(A)

Statutory authorities functioning under parliamentary legislation and constitutional mandate (Principles of Accounting Journal Ledger Trial Balance)

(B)

Ad-hoc advisory bodies without legislative sanction or executive jurisdiction

(C)

Private commercial arbitration panels superseding public law tribunals

(D)

Subordinate local authorities exercising extra-territorial international jurisdiction

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Q2.

General Studies & Governance: In Indian administration and constitutional framework concerning 'Subsidiary Books Final Accounts and Depreciation' (Accounting Standards & Auditing), which constitutional provision or authority exercises primary jurisdiction?

(A)

Statutory authorities functioning under parliamentary legislation and constitutional mandate (Subsidiary Books Final Accounts and Depreciation)

(B)

Ad-hoc advisory bodies without legislative sanction or executive jurisdiction

(C)

Private commercial arbitration panels superseding public law tribunals

(D)

Subordinate local authorities exercising extra-territorial international jurisdiction

Show answer & solution

Verified Answer & Solution Locked

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