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Accounting
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Q2021

Open question

Depreciation is charged on

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Q2022

Open question

Consider the following statements:
Assertion (A): Every shareholder has a right to receive a share-certificate from the company whose shares he has purchased.
Reason (R): Share-certificate is a conclusive evidence of the title of the person to the shares which are written in his name in the certificate.
Now select your answer:

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Q2023

Open question

If Earnings-Price (E-P) ratio is 0.05 and Earnings Per Share (EPS) is Rs. 8 the market price of the share will be

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Q2024

Open question

Nominal account that shows debit balance is-

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Q2025

Open question

Which of the following account will be debited if purchases of goods are made on credit?

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Q2026

Open question

Del-credere commision is paid to the agent for:

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Q2027

Open question

Anu and Tanu are equal partners with fixed capitals of Rs. 2,00,000 and Rs. 1,00,000, respectively. After closing the accounts for the year ending 31^st March 2019, it was dis covered that the interest on capitals @ 8% per annum was omitted to be provided. In the adjusting entry

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Q2028

Open question

On 28^th March, 2019 stock worth Rs. 10,000 was lost by fire. The insurance company admitted full claim. On 31^st March. 2019 while preparing Final Accounts, it will be shown

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Q2029

Open question

Debenture holders:

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Q2030

Open question

Credit balance of bank account represents-

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Q2031

Open question

A and B are partners sharing profits and losses in 3 : 2. They admitted C in the firm. C acquired

\frac{1}{3}^{rd}

of A's shares and

\frac{1}{2}^{nd}

of B's share. What is the new profit sharing ratio?

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Q2032

Open question

The original amount of preference share capital should be transferred to . . . . . . . . account in the time of amalgamation in the books of vendor co.

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Q2033

Open question

Profit prior to incorporation is credited to:

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Q2034

Open question

The book in which credit note voucher is used for accounting is

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Q2035

Open question

If sales are Rs. 6000, gross profit is