UTpaper

Free mock tests & test series

Question 44Asked in DSSSB TGT Computer Science (Technical), 8 Aug 2021, Shift 2

Which of the following is/are the objective(s) of accounting?

Which of the following is/are the objective(s) of accounting? I. Maintenance of Records of Business Transactions II. Calculation of Profit and Loss
  1. AOnly I
  2. BOnly II
  3. CBoth I and II
  4. DNeither I nor II
Show answerHide answer

Correct answer: (C) Both I and II

Explanation

Accounting aims to keep a systematic record of business transactions and to find the profit or loss of the business, along with showing its financial position. Both statements are objectives.

From DSSSB TGT Computer Science PYQ (Technical), 8 Aug 2021, Shift 2

This is question 44 of DSSSB TGT Computer Science PYQ (Technical), 8 Aug 2021, Shift 2. See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.