Question

1Rohit traders supplies raw materials to Shriram Constructions on credit. Why

will Rohit Traders be interested in the accounting information of Shiram

Constructions? Explain in detail.
2- Mr. Ayan is an accountant of ABC firm. He found an error in the accounting

entry in the books of accounts. However, he did not disclose it to the

management of the firm fearing that it will risk his job. Which value is not

followed by Mr. Ayan? ​

Answer 1

Answer:

1) Rohit trader be interested in the accounting information of Mr shiram because Mr rohit is a raw material supplier and he gave raw material to Mr shiram on credit. Mr shiram liable to pay to Mr rohit, so he is interested in the accounting information of mr shiram

construction means to built houses , roads, buildings . construction is a part of developing infrastructure