Business Studies

Meaning and Scope of Accounting – CA Foundation Accounts Study Material Question 1.What do you mean by Accounting? Give its definition.Answer:According to AICPA, “Accounting” is the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of a financial character, and […]

Nature and Scope of Business Economics CA Foundation MCQ Economics Chapter 1 1. The term ‘Economics’ owes its origin to the Greek word.(a) Aikonomia(b) Wikonornia(c) Oikonomia(d) None of the aboveAnswer:(c) Oikonomia 2. Adam Smith published his master piece “An enquiry into the nature and causes of wealth of nations” in the year __________.(a) 1776(b) 1786 […]

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