Institute of Chartered Accountants of Pakistan was established in____________?
Correct answer: C. 1961
- A. 1949
- B. 1956
- C. 1961
- D. 1972
Explanation
The Institute of Chartered Accountants of Pakistan was established under the Chartered Accountants Ordinance, 1961. The year 1956 relates to Pakistan’s Companies Act, not the establishment of ICAP.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Accounting Principles
Accounting principles explain the rules used to record, classify and report business transactions. Coverage includes the accounting equation, double-entry system, accrual and cash bases, matching and prudence concepts, consistency, going concern, business entity, and the difference between capital and revenue items.
Practise Accounting Principles
351 free Accounting Principles MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Accounting questions like this
Accounting is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Accounting Principles questions
Trial balance is prepared to check accuracy of_______________?
If a transaction is completely omitted from the books of accounts, will it affect the agreement of a trial balance?
________ is the common base for preparing a trial balance?
Goods sent on approval basis' have been recorded as 'Credit sales'. This is an example of____________?
A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of____________?
The systems of accounting are _____________?