Commerce · all questions

Accounting
practice.

Practice every MCQ with options. Use Show answers when you want the correct option and solution.

2,968

Questions

108/149

Page

Pick an option on a question to see the right answer and solution.

Q2141

If immediate payment is not made to a partner taking leave from the firm then the due amount is transferred to

Select an option to see the answer and solution.

Q2142

The money received by owner in business is known as-

Select an option to see the answer and solution.

Q2143

Contra entries in cashbook are made when

Select an option to see the answer and solution.

Q2144

An item is considered material if it

Select an option to see the answer and solution.

Q2145

The asset account is debited from the original value of the asset in the books of buyer and . . . . . . . . account is debited with the total amount of interest

Select an option to see the answer and solution.

Q2146

Which of the following is correct equation?

Select an option to see the answer and solution.

Q2147

Purchase Book is used to record

Select an option to see the answer and solution.

Q2148

Managerial accounting is

Select an option to see the answer and solution.

Q2149

Money embezzled by an employee of a trader is:

Select an option to see the answer and solution.

Q2150

When a company is not earning profits, then which of the following securities proves a burden on the finances of the company?

Select an option to see the answer and solution.

Q2151

Fixed cost will be divided to get the break even point selling price in rupees

Select an option to see the answer and solution.

Q2152

Match list-I with list-II and select the correct answer:

List-I (Accounting Standards)	List-II (Objects)
a. AS-1	1. Valuation of inventory
b. AS-2	2. Cash Flow Statement
c. AS-3	3. Revenue Recognition
d. AS-4	4. Disclosure of Accounting Policies

Select an option to see the answer and solution.

Q2153

A company wants to pay dividend on shares. Which of the following should be used for this purpose

Select an option to see the answer and solution.

Q2154

Expenses incurred for the installation of plant and machinery will be treated as

Select an option to see the answer and solution.

Q2155

For which of the following purpose share premium can be used

Select an option to see the answer and solution.

Q2156

Earning Per Share (EPS) is equal to:

Select an option to see the answer and solution.

Q2157

Following are essential elements of a partnership firm except

Select an option to see the answer and solution.

Q2158

Amongst the following, who is not a partner?

Select an option to see the answer and solution.

Q2159

Match the items given in List-A with the items given in List-B and check your answer:

List-A	List-B
a. Leasehold asset	1. Depletion
b. Oil wells	2. Amortisation
c. Loose Tools	3. Fluctuation
d. Stock	4. Revaluation

Select an option to see the answer and solution.

Q2160

Capital employed is equal to

Select an option to see the answer and solution.

Prev 106 107 108 109 110 Next