Q2461
Open questionThe abnormal loss debited to:
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Accounting
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Q2462
Open questionCapital redemption reserve can be utilized for . . . . . . . .
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Q2463
Open questionDebenture represents . . . . . . . . of the company.
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Q2464
Open questionMatch List-I (Items) with List-II (Headings) and select the correct answer using the options given below the lists:
| List-I (Items) | List-II (Headings) |
| a. Provision for income tax | 1. Miscellaneous expenses not written off |
| b. Share premium | 2. Current liabilities |
| c. Unclaimed dividend dividend | 3. Reserves and surplus |
| d. Discount issue of shares | 4. Profit and loss account |
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Q2465
Open questionBills Receivable book is to keep record of . . . . . . . .
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Q2466
Open questionThe capital in a business on 1st January and 31stJanuary is Rs. 17,000 and Rs. 17,200 respectively. Investment by owner and withdrawal by owner during January amount to Rs. 1,000 and Rs. 700 respectively. What is the net income for January?
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Q2467
Open questionMarket price or actual cost, whichever is less, is the generally accepted accounting principle for valuation of:
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Q2468
Open questionSales on account is recorded in:
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Q2469
Open questionWhen capital at the end is Rs. 21,500 drawings Rs. 4,300 and capital in the beginning Rs. 19,400, what is the amount of profit or loss?
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Q2470
Open questionWhich of the following is a method of redemption of debentures?
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Q2471
Open questionAlteration of shares of larger denominations into smaller denominations is called . . . . . . . . of shares.
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Q2472
Open questionSale of old newspaper is to be shown on the credit side of the . . . . . . . .
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Q2473
Open questionWhich of the following are not current liabilities?
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Q2474
Open questionBook-keeping is mainly concerned with:
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Q2475
Open questionWhich of the following accounts may have a debit or credit balance?
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Q2476
Open questionIncome and expenditure account records transaction of . . . . . . . .
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Q2477
Open questionBonus in reduction of premium appears in the revenue a/c as . . . . . . . .
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Q2478
Open questionBank Reconciliation statement is . . . . . . . .
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Q2479
Open questionA person started business with a cash of Rs. 22,000 and stock of Rs. 3,000 on 1st January, 1996. During the year he made a profit of Rs. 6,000. His creditors were paid Rs. 4,500 for the office furniture supplied. He took goods worth Rs. 3,500 for his daugher's wedding on 30th June, 1996. The gross assets of his business on 31st December, 1996 was:
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Q2480
Open questionThe information for the preparation of receipt and payments account is taken from . . . . . . . .
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