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Accounting
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Q2321

Which one of the following statements is FALSE:

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Q2322

Which of the following equation is not correct?

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Q2323

Which of the following is a revenue expenditure?

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Q2324

Opening Stock	Rs. 15,000
Purchases	Rs. 95,000
Closing Stock	Rs. 29,000
Cash Received from Debtors	Rs. 40,000

Gross profit on sales 10%.
Amount of sales would be

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Q2325

Bonus shares cannot be issued out of:

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Q2326

A cash discount received is entered on the three column cash book on:

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Q2327

Short term analysis of financial statements is mainly related to

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Q2328

In Fund Flow Statement, non-current Asset is

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Q2329

Money received at the time share application when adjusted at the time of allotment is credited to which account?

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Q2330

The process of identification and measurement of data related to human resource is called

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Q2331

Assertion (A) Accounting information refers to only events which are concerned with business firm.
Reason (R) Accounting information is presented in financial statements.

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Q2332

Which method has been specially designed to provide funds for replacement of assets?

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Q2333

Which of the following transactions are of capital nature?

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Q2334

Capital at the beginning of the year Rs. 10,500, Annual drawing Rs. 6,500, Additional capital introduced during the year Rs. 3,500. What will be capital at the end if there is no profit or loss?

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Q2335

The unfavourable balance of Profit and Loss Account should be:

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Q2336

X, Y and Z share profit and losses in the ratio of 5 : 3 : 2, Z retires and his share is taken by X and Y in the ratio of 1 : 2. The new profit-loss sharing ratio between X and Y will be:

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Q2337

Match List-I with List-II and select your answer:

List-I	List-II
a. Shareholders	1. Creditors of the company
b. Debenture holders	2. Paid at the end of a predetermined period
c. Redeemable Debenture	3. Joint owners of the company
d. Bearer	4. Transferred by Debenture mere delivery

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Q2338

On dissolution of a firm, the balance of provision for Bad Debts Account is transferred to:

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Q2339

A company, A Ltd., issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares, and pro-rata allotments were made on the applications of 2,400 shares. If A was allotted 40 shares, for how many shares he must have applied?

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Q2340

Suspense Account is shown in-

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