Q2421
Open questionAs per Garner V. Murray Rule, the loss resulting from a partner's insolvency is borne by other partners in
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Accounting
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Q2422
Open questionAlteration of shares of smaller amounts into shares of larger amount is called . . . . . . . . of share capital.
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Q2423
Open questionThe movement of securities from one stock exchange to another with the object of reaping a profit from the disparity in share prices is called
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Q2424
Open questionTrading account is prepared to find out:
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Q2425
Open questionA sale of goods to Vaibhav Deep for cash should be debited to:
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Q2426
Open questionThat part of the capital which will be called up only in the event of winding up of the company is called . . . . . . . . capital.
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Q2427
Open questionWhich of the following errors will cause the trial balance to be out of balance?
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Q2428
Open questionA Purchases returns of Rs. 200 to Mr. P if entered in the sales book would affect:
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Q2429
Open questionThe balance of cash account indicates . . . . . . . .
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Q2430
Open questionWages is an example of:
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Q2431
Open questionIncome and expenditure account reveals . . . . . . . .
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Q2432
Open questionWhich of the following is not capital expenditure?
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Q2433
Open questionOn forfeiture of shares, which of the following account is credited with the amount of money already received on such shares?
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Q2434
Open questionCancelling the original bill and drawing a fresh acceptance is known as . . . . . . . .
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Q2435
Open questionX started business with a capital of Rs. 20,000 and purchased goods worth Rs. 2,000 on credit. These transactions may be expressed in the from of 'Accounting Equation' such as:
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Q2436
Open questionThe appropriate book to record credit purchase of machinery is . . . . . . . .
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Q2437
Open questionMatch List-I (Items of expenditure and receipt) with List-II (Nature of expenditure and receipt) and select the correct answer using the options given below the lists:
| List-I | List-II |
| a. Premium paid for a lease hold property | 1. Revenue expenditure |
| b. Insurance premium paid for risks against accidental losses of properties (fixed assets) | 2. Capital receipt |
| c. Amount realised from the sale of securities (investment)purchased earlier | 3. Deferred revenue expenditure |
| d. Huge sales promotion expenses | 4. Capital expenditure |
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Q2438
Open questionA particular firm provided the following data for an accounting year
Current ratio = 2.5 : 1
Liquid ratio = 1.5 : 1
Net working capital = Rs. 6,00,000
Current assets and current liabilities of the firm are, respectively:
Current ratio = 2.5 : 1
Liquid ratio = 1.5 : 1
Net working capital = Rs. 6,00,000
Current assets and current liabilities of the firm are, respectively:
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Q2439
Open questionThe cost of a machine having a span of life of 5 years is Rs. 1,00,000. It has a scrap value of Rs. 10,000. The amount of depreciation under the sum of years, digit method will be:
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Q2440
Open questionA bank can open a branch only at the permission of the . . . . . . . .
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