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Q2181

Which of the following items will not be included in Income and Expenditure Account of a club:

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Q2182

Which of the following are examples of cash flow from operating activities as per AS-7?
1. Cash receipts from the sale of goods and the rendering of services.
2. Cash receipts from disposal of intangible assets.
3. Cash receipts from royalties, fees, commissions and other revenue.
4. Cash payments to suppliers for goods and services.
5. Cash proceeds from issuing shares or other similar instruments.
6. Cash payments to and on behalf of employees.
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Q2183

Those assets which are purchased to increase profitability in business and not to be resold are called

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Q2184

Which of the following are the consequences in case of insolvency of partner?
1. The partner adjudicated as insolvent ceases to be a partner.
2. He ceases on the date on which the order of adjudication is made.
3. The firm is dissolved on the date of the order.
4. The estate of the insolvent partner is liable for any act of the firm after the date of the order of adjudication.
5. The firm can be held liable for any acts of the insolvent partners after the date of the order of adjudication.
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Q2185

A and B are partners in a firm. They are entitled to interest on their capitals, but the net profit was not sufficient for interest. In this case, the net profit will be distributed among partners in

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Q2186

With reference to margin of safety, which of the following will improve it?
1. By lowering BEP through reduction of fixed cost.
2. By adopting a better profitable product mix.
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Q2187

X Ltd. purchased land and building worth Rs. 28,80,000 and in lieu issued debentures of Rs. 100 each at a discount of 4%. The number of debentures issued will be:

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Q2188

Which of the following is not deferred revenue expenditure?

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Q2189

Repairs of second hand machinery purchased is debited to repairs account. It is an error of

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Q2190

Which of the following item of trial balance will be debited in trading account?

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Q2191

For allocation of income and expenses, the date of . . . . . . . . is not considered.

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Q2192

Subscriptions outstanding from the members of a club are shown on the:

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Q2193

Preference shares can be reduced out of:

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Q2194

Which of the following statement is true?

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Q2195

Which of the following ratios is a Primary Ratio:

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Q2196

Generally, . . . . . . . . method is used for preparation of trial balance

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Q2197

Under which of the following methods the asset is shown at original cost throughout its life:

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Q2198

Cash flow statement is prepared by-

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Q2199

When debentures are issued as security against a loan then such as issue of debentures is called:

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Q2200

Assets very easily convertible into cash are:

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