Correct Answer: Both the statements are true

Solution : For efficient analysis and interpretation, the financial accounting data is categorised and codified. The accounts are categorised according to their nature. The codification accounts make account identification simple. Hence, the correct option is 1.

Correct Answer: All of the above

Solution : Every Computerised Accounting Software (CAS) ensures the following security features:
1. Password Security
2. Data Audit, and
3. Data Vault.
Hence, the correct option is 4.

Correct Answer: All  of the above 

Solution : Answer = All  of the above 

1. Interest on debentures is a Charge against profit and is payable whether the company earns a profit or incurs a loss.  Interest on debentures is calculated at a fixed rate of interest. 
2. Interest is not payable on debentures issued as collateral security.
Debentures' Interest Account is transferred to the Statement of Profit and Loss Account.
3. If the amount of interest accrued and due is not paid, it is known as Interest Accrued and Due. If the date of payment of interest and accounting date is different, the Interest Accrued and Not Due Account is credited at the end of the year to maintain accounting records on an accrual basis.
Hence, the correct option is 4.

Correct Answer: Both 1 & 2

Solution : The things to think about when choosing an accounting software supplier.
Flexibility.
Adaptability.
the price of installation and upkeep.
a company's size.
level of secrecy.

Hence the Correct answer is option 4.

Correct Answer: Both 1 and 2

Solution : Answer = Both 1 and 2 

Deceased partners are entitled to their share in the profit from the beginning of the accounting year up to the date of his death and he has also borne loss if any. This ensures a fair treatment of the deceased partner's interest in the partnership.
Hence, the correct option is 3.

Correct Answer: QPRS

Solution : The correct choice is the first option: QPRS.

The logical flow of information is as follows:

• The segment Q introduces the subject of the sentence, which is a division manager with training in accounting.
• The segment P leads into the person's reflection on his choice of employment.
• The segment R provides the outcome of the reflection, indicating that despite having better offers, the person chose to work for his current company.
• The segment S concludes the sentence by revealing the reason for the person's choice and emphasising the positive aspects of the company.

Therefore, the correct sequence is: Newly appointed division manager, trained in accounting, reflected on why he chose to work for his company despite better offers and realised that it was the friendly, collaborative, and ethical culture.

Correct Answer: All of the above

Solution : Ratio analysis has the following goals:
1: Simplify accounting data.
2: Find the liquidity or the long- and short-term solvency.
3: The ability of the business to meet its short-term financial obligations is known as short-term solvency
4: In contrast, long-term solvency refers to an organization's capacity to meet its long-term debt obligations.
5: Analyze the business's operational effectiveness.
6: Analyze the company's profitability with the assistance of comparative analysis, specifically with intra- and inter-firm comparisons.
Hence option 4 is the correct answer.

Correct Answer: Rs 3,600

Solution : Answer = Rs 3,600

Profit= $36000 \times \frac{2}{5} \times \frac{3}{12}$= 1800 × 2= 3600.
Hence, the correct option is 3.

Correct Answer: provides an index of every account in an accounting system

Solution : An index of all the accounts in an accounting system is provided by a chart of accounts (COA), a financial and organisational tool. Hence, the correct option is 1.

Correct Answer:

M's share of revaluation profit is 1/5th 

Solution : Answer = M's share of revaluation profit is 1/5th 

When a new partner is admitted to a partnership, their share of revaluation profit is typically based on their agreed-upon profit-sharing ratio. Since M is admitted for a 1/5 share, their share of revaluation profit would also be 1/5th, in accordance with their profit-sharing ratio.
Hence, the correct option is 2.