Which of the following statements is not true?

Which of the following statements is not true?

(i) Accounting depends on book keeping.

(ii) Accountancy depends on book keeping and accounting.

(iii) Accounting includes summarising the classified transactions.

(iv) Accountancy is narrow in scope.

(a) (i), (ii), (iv)

(b) (ii), (iv)

(c) Only (iv)

(d) None of these

Answer: (c) Only (iv)

More Question

1. Which of the following describes 'Qualitative characteristic understandability' in the best manner?
2. Information provided by accounting should be factual and rerifiable. It should be free from error and bias. It should be such that users can depend upon the information provided.
3. Accounting is a means to determine the current worth of a business enterprise on the basis of its profit earning capacity. The given statement highlights which of the role of accounting?
4. Which of these are examples of short-term creditors?
5. Need information to form policies at the macro level and for providing subsidies
6. Public is not a user of accounting.
7. Which of this is not an internal user of acounting?
8. Cash flow statement is a technique of management accounting.
9. The main purpose of cost accounting is to ascertain of rendered by business.
10. Each and every branch has its separate set of objectives. Which of these branches of accounting directly or indirectly helps in management decisions?
11. The main purpose of which branch of accounting is to record the business transactions in a systematic manner and to ascertain the profit or loss of the accounting period?
12. Which of the following is not considered as a main branch of accounting?
13. Summarising is the art of presenting the in an understandable manner
14. Accounting indirectly helps the government agencies.
15. What kind of business are required to perform the 'recording' of transaction in terms of 'money'?
16. Is the process of grouping the transactions of one nature at one place, in a separate account
17. Recording, classifying and summarising are also termed as
18. Accounting function is.. in nature
19. Function is routine and clerical in nature and is increasingly done by computers now-a-days
20. Which of the following statements is not true?
21. One of the limitations of accounting is that the figure given in financial statements ignore the effects of changes in price level
22. Although accounting provides lot of advantages to the business, it suffers from certain limitations.
23. Accounting information is used to compare the result of current year with the previous year to analyse the changes.
24. The objectives of accounting are varied. Which of the following are the objectives of accounting?
25. Accounting and  are one and the same thing
26. Refers to the entire body of the theoretical knowledge of accounting
27. Book keeping is a wider concept than accounting
28. Accounting starts with ..... financial transactions and ends with ...... accounting information.
29. Which of the following is the process of entering business transactions of financial character in the books of original entry in terms of money?
30. In measurement, what type of transactions are considered (during the process of accounting)?
31. Which of these concepts is a process of give and take with 'event' as the end result of it?
32. By the nature of multiple definitions given for accounting, which of these is a feature of accounting?