Account | MCQs

Explanation

We are answerable to God.

ہم خدا کے لئے جوابدہ ہیں۔

We use "to" because it conveys the idea of being responsible.

Explanation

The sentence should read: "I, who am being held responsible for the whole episode, am the chairman of this company."

"I" is the subject, so the verb "am" is the correct choice in this case.

Explanation

The International Federation of Accountants (IFAC)

The International Federation of Accountants is the global organization for the accountancy profession

IFAC Founded: October 7, 1977

IFAC Membership: 180

IFAC Headquarters: New York City, United States

ND5-07-2023

Explanation

• E-mail stands for: Electronic Mail

• Father of E-mail: Ray Tomlinson

• First E-mail sent: 1971

• @ is used to divide an email into: two parts

• SMTP helps to send: E-mails

• SMTP stands for: Simple Mail Transfer Protocol

• Received email is saved: inbox

• Sent email is saved in: sent box

• Maximum attachment size in Yahoo Email: 25 MB

• G-mail stands: Google Mail

• Email spam also called: junk email

• To close email account click: sign out

• To create new E-mail: Sign Up

• Email hacking means: Illegal access to open email accounts of others

• Junk email is also called: Spam 

•  At sign (@): always a part of email address

• Sending an E-mail is similar to: writing a letter

• A allows us to access our e-mail from anywhere: Webmail interface 

• Bookmark:  is associated with Internet E-mail

Explanation

We use pronoun his for male and her for female. 

Explanation

IAS (International Accounting Standards):

• These are older accounting standards that were issued before IFRS.
• Still valid unless replaced by IFRS.

IFRS (International Financial Reporting Standards):

• Issued by the IASB (International Accounting Standards Board).
• Modern framework used globally for preparing financial statements.

ISA (International Standards on Auditing):

• These are used by auditors, not for preparing financial statements but for auditing them.

Explanation

ACCA stand for Association of Chartered Certified Accountants

Pakistani student Zara Naeem achieved the highest score globally in the exam for Financial Reporting for the Association of Chartered Certified Accountants examinations held in December 2020.

A student at the SKANS School of Accounting in Lahore, Zara was among the 527,000 students who undertook the examination from 179 countries.

Explanation

Liable for means responsible for

Liable for ذمہ دار قرار دینا

Liable to means entitled to.

Liable to حقدار

I hold you liable for the murder.

Explanation

For is a preposition here.

For is used to refer a reason.

For actions means اعمال کےلئے

Explanation

Accountable takes preposition to. 

Accountable to God means خدا کے سامنے جوابدہ ہونا

ND18-4-2023