Commerce · all questions

Accounting
practice.

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

2,968

Questions

116/149

Page

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

Q2301

The liability of a partner in respect of the firm's debt is limited upto the amount to:

Select an option to see the answer and solution.

Q2302

Which of the following is not an accounting software?

Select an option to see the answer and solution.

Q2303

At the time of death of a partner, firm gets . . . . . . . .

Select an option to see the answer and solution.

Q2304

Personal selling includes:

Select an option to see the answer and solution.

Q2305

Consider the following parties and arrange them in the correct sequence in the event of dissolution of a firm
i. Secured creditors
ii. Unsecured creditors
iii. Partners who have granted loans
iv. Partners who have contributed over and above profit-sharing ratio

Select an option to see the answer and solution.

Q2306

If sales is Rs. 1,20,000, gross profit is

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

of cost, purchase is Rs. 98,000 and closing stock is Rs. 18,000 then opening stock will be

Select an option to see the answer and solution.

Q2307

Stock of stationery on 1^st January 1991- Rs. 300, creditors for stationery on 31^st December 1991- Rs. 130, payment for stationery during 1991- Rs. 1,080, stock of stationary on 31^st December 1991- Rs. 50. What amount on account of stationery will be posted to income and expenditure A/c:

Select an option to see the answer and solution.

Q2308

The total charge of depreciation and maintenance of assets on the profit and loss account will be uniform under:

Select an option to see the answer and solution.

Q2309

According to the Money Measurement concept the following will be recorded in the books of Accounts:

Select an option to see the answer and solution.

Q2310

The face value of a company share is Rs. 1000 per share. The company issued it at Rs. 150 per share. Mareket price of these shares is Rs. 200 per share at present. company declaired 20% dividend on these share. The amount of dividend per share will be

Select an option to see the answer and solution.

Q2311

X Ltd. forfeited 30 shares of Rs. 10 each fully called up for non payment of allotment money of Rs. 3 per share and call money of Rs. 4 per share. These share were re-issued for Rs. 8 per share fully paid. What is the amount to be transferred to Capital Reserve A/c:

Select an option to see the answer and solution.

Q2312

As per the decision in the Garner vs Murray case, when the partner's capital accounts are fixed, any loss arising due to the capital deficiency in the insolvent partner's capital account is to be borne by solvent partners in the ratio of . . . . . . . .

Select an option to see the answer and solution.

Q2313

Consolidated financial statements are prepared on the principle

Select an option to see the answer and solution.

Q2314

Which of the following is not an undistributed profit?

Select an option to see the answer and solution.

Q2315

Variance analysis is related to

Select an option to see the answer and solution.

Q2316

Bonds or debentures issued by Securitization company should bear interest not less than

Select an option to see the answer and solution.

Q2317

Combined leverage can be used to measure the relationship between

Select an option to see the answer and solution.

Q2318

The assumption that "Anticipate no profit and provide for all losses" is based on

Select an option to see the answer and solution.

Q2319

Trade discount is allowed for:

Select an option to see the answer and solution.

Q2320

Security premium reserve cannot be used for

Select an option to see the answer and solution.

Prev 114 115 116 117 118 Next