Mr. Raj works as an accountant of a company. He always ensures that his accounts are correct and checks them regularly. What value is followed?
The value is justification to work is being followed by Mr. Raj.
(a) Mr. Mittal is an accountant of a company. He passed a dummy entry without transaction proof in order to match the trial balance of the company. He did not tell this to his boss. What value is missing in Mr. Mittal's conduct ?
(b) There is an item appearing in the trial balance as "business gift". On audit of the accounts, it was found that this item reflects the bribe given to a government official which shown as to business gift. Do you think the company is following the right value in the conduct of its business?
The Air conditioner of a company was not working properly. An electrician was called to check the same. He was paid a sum of Rs 500 for his visit. The transaction was identified by the accountant & the same was communicated to the Finance Head that there has been an expenditure of Rs 500 on repairs & maintenance. The accountant feels that he has completed his job properly. Is he correct? If no, which step of the process of accounting has he missed out?
The narrator earns his living by ………………………….
(a) writing ghost stories
(b) working as a reader for a magazine
(c) working as a stenographer
(d) working as an accountant in a lumber company