Q2501
Open questionIn case a sports fund is kept expenses on account of sports events should be:
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Accounting
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Q2502
Open questionMatch List-I (Item of expenditure/receipt) with List-II (Nature of expenditure/receipt) and select the correct answer using the options given below the lists:
| List-I | List-II |
| a. Carriage charges on a new machine purchased for factory | 1. Revenue receipt |
| b. Legal expenses incurred in defending a case of violation of a provision of Factories Act | 2. Revenue expenditure |
| c. Grant-in-aid received from the Government for the construction of a building | 3. Deferred revenue expenditure |
| d. Amount received for a part of the office building sublet | 4. Capital expenditure |
| 5. Capital receipt |
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Q2503
Open questionA credit sale of goods to Shiva should be debited to . . . . . . . .
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Q2504
Open questionIf a receipt of Rs. 200 from Rajesh out debtor has not been recorded in the books, the profit would show:
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Q2505
Open questionUnder the annuity method the amount of total depreciation is determined by:
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Q2506
Open questionA company may resort to "window dressing" by manipulating the data such as:
I. inventory valuation
II. omission of liability for goods purchased
III. treating a short-term liability long-term debt
IV. recording in advance cash receipts applicable to next accounting period
I. inventory valuation
II. omission of liability for goods purchased
III. treating a short-term liability long-term debt
IV. recording in advance cash receipts applicable to next accounting period
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Q2507
Open questionWhich of the following errors in an error of principle?
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Q2508
Open questionA business is considered to be having and indefinite life according to:
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Q2509
Open questionInterest on non-performing assets should be recognized on . . . . . . . . basis.
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Q2510
Open questionThe amount brought in by the proprietor in the business should be credited to:
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Q2511
Open questionThe rate of discount on issue of shares should not exceed . . . . . . . . % of the nominal value of shares.
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Q2512
Open questionWhich of the following items should be entered in the receipts and payments account of a club?
I. Sale of old newspapers
II. Loss on sale of some asset
III. Payments for investment
Select the correct answer using the options given below
I. Sale of old newspapers
II. Loss on sale of some asset
III. Payments for investment
Select the correct answer using the options given below
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Q2513
Open questionWhich of the following are performing assets?
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Q2514
Open questionThe . . . . . . . . in a ledger helps in locating the accounts contained in it.
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Q2515
Open questionAccounts receivable includes . . . . . . . .
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Q2516
Open questionInterest on drawings is:
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Q2517
Open question. . . . . . . . is a document prepared by the company before the issue of prospectus to the public for subscription of debentures.
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Q2518
Open questionAn asset is never reduced to zero in the:
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Q2519
Open questionAn expenditure is treated as capital nature, when:
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Q2520
Open questionIf a companies tangible networth is a positive amount, it indicates:
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