Q2361
Open questionProfit before tax of the company is Rs. 2,00,000 if the interest period is 5, what will be the amount of interest?
Select an option to see the answer and solution.
Commerce · all questionsAccounting
Accounting
practice.
Practice every MCQ with options. Use Show answers when you want the correct option and solution.
2,968
Questions
119/149
Page
Pick an option on a question to see the right answer and solution.
Q2362
Open questionWhich of the following is not an accounting software package?
Select an option to see the answer and solution.
Q2363
Open questionWhen drawings are made at the end of each month. Interest on drawings is calculate for
Select an option to see the answer and solution.
Q2364
Open questionExpenditure, which result increase in the earning capacity of a business is
Select an option to see the answer and solution.
Q2365
Open questionCapital redemption reserve is created due to
Select an option to see the answer and solution.
Q2366
Open questionIn what proportion the deficiency of insolvent partner's capital is shared by other partners as per decision of Garners Vs. Murray:
Select an option to see the answer and solution.
Q2367
Open questionThe statement of assets and liabilities is-
Select an option to see the answer and solution.
Q2368
Open questionTrial balance checks
Select an option to see the answer and solution.
Q2369
Open questionWhile determining the normal rate of return for the valuation of shares in market value method, which of the following should be taken into consideration?
Select an option to see the answer and solution.
Q2370
Open questionCash received from debtors Rs. 12,000 and furniture purchased Rs. 7,000 the net effect on fund flow will be
Select an option to see the answer and solution.
Q2371
Open questionDrawings Account is
Select an option to see the answer and solution.
Q2372
Open questionCompensating error affects
Select an option to see the answer and solution.
Q2373
Open questionMatch the following
| List I | List II |
| a. Revenue means the income of a . . . . . . . . nature. | 1. Fixed assets |
| b. Premium paid on the life insurance policy of the proprietor will be debited to . . . . . . . . account. | 2. Regular |
| c. Going concern concept is relevant for . . . . . . . . | 3. Matching |
| d. Recognition of cost in the same period as associated revenues is called . . . . . . . . principle. | 4. Drawings |
Select an option to see the answer and solution.
Q2374
Open questionWhich of the following have contra entries?
Select an option to see the answer and solution.
Q2375
Open questionIf the goodwill A/c is raised at the time of retirement of a partner and is to be written off, then the capital accounts of the remaining partners are debited in
Select an option to see the answer and solution.
Q2376
Open questionHuman Resource Accounting is the measurement and reporting . . . . . . . . and . . . . . . . . of people in organisational resources.
Select an option to see the answer and solution.
Q2377
Open questionX Ltd. forfeited 20 shares of Rs. 10 each on which Rs. 6 per share was paid. If out of these, 8 shares were reissued to Hari as fully paid on payment of Rs. 5.50 per share what would be the amount to the credit of share forfeited A/c:
Select an option to see the answer and solution.
Q2378
Open questionThe accounting concept that is used to prepare the Profit and Loss Account is known as:
Select an option to see the answer and solution.
Q2379
Open questionWhich of the following is not correctly matched? (Class : Ratio)
Select an option to see the answer and solution.
Q2380
Open questionWhat is the underlying concept that support the immediate recognition of an estimated loss?
Select an option to see the answer and solution.