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Accounting
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Which of the following statement is true?
Redeemable Preference Shares can be redeemed

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Calls in advance account is whown seperately in

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Leasehold property is generally depreciated by:

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Minimum number of members in case of private companyis

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From which of the following accounts can bonus shares be issued?

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Ploughing-back of profits means:

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If credit side of a bank account is greater than debit side, it indicates:

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Debit: all Expenses and Losses
Credit: all Gains or Income
This formula is applicable for:

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Interest on partner's loan is given to partners

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Match the following.
List-I List-II
a. Buy-back of equity shares must be authorised by 1. Not allowed
b. Buy-back of partly paid equity shares 2. Governs buy back of shares
c. Redemption of preference shares 3. Article of Association
d. Section 68 of the Companies Act 4. Only fully paid

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Under Hire Purchase System, the interest for each period is computed on

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Which of the following is an implicit cost of increasing proportion of debt of a company?

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Net credit sales of business was Rs. 1,75,000. Debtors Turnover ratio is 8 times. Closing debtors were in excess of opening debtors by Rs. 7,000. Opening debtors will be

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Which of the following accounts is a personal account?

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Dual aspect concept results in the following accounting equation

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Posting of a transaction means - That transaction is

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X and Y made a profit of Rs. 5,000 and invested Rs. 25,000 as capital in the firm. The expected average rate of return on capital is 15%. If it is valued at three year purchase then amount of goodwill will be

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Grouping of similar items and transferring those to the respective accounts is known as:

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Which of the following transactions involving the issuance of shares does not come within the definition of a 'share based payment' under Ind AS-102?

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"Goods cost in transit" is an overhead of

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