Recommendations of First Finance Commission Covered Which of the Following

question 5

Multiple Choice

Recommendations of first Finance Commission covered which of the following periods?

• A)1951-56
• B)952-57
• C)1953-58
• D)1954-59

---

Definitions:

Accrued Fees

Charges that have been incurred but not yet recorded or paid.

Adjusted Trial Balance

A roster displaying all accounts alongside their adjusted balances, utilized in the preparation of financial statements.

Error

A mistake in the recording, classification, or processing of financial information.

Contra Revenue Account

An account used to record deductions from gross revenue, including sales returns, allowances, and discounts.