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Accounting
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Q2561

Under net payment method, purchase consideration includes all payments made to the shareholders in the form of . . . . . . . .

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Q2562

Depreciation deducted from the concerned . . . . . . . .

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Q2563

Purchases for office furniture on account is recorded in . . . . . . . .

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Q2564

The term loan of Rs. 5,00,000 was received from IFCI. It was used as under:
I. Rs. 2,00,000 was advanced to suppliers for capital work-in-progress
II. Rs. 3,00,000 was used for financing the working capital
The interest payable would be treated:

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Q2565

Goods worth Rs. 24,000 were returned by X. The accountant, however, credited the sales returns account by Rs. 42,000. In order to rectify this error, what should be done?

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Q2566

Accounting records transactions in terms of:

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Q2567

While assertaining profit in single entry system the amount of additional capital introduced is:

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Q2568

Income and expenditure matches all . . . . . . . . receipts against . . . . . . . . payments pertaining to the relevant accounting years.

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Q2569

If trial a balance does not tally inspite of thorough scrutiny and the difference is substantial, then which one of the following courses would be accountant adopt?

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Q2570

A return Inwards book is kept to record:

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Q2571

Consider the following statements:
I. Workmen's compensation and third party insurance are examples of guarantee insurance
II. Re-insurance is more common under fire and marine insurance
Which of the statements given above is/are correct?

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Q2572

Cash purchase in the account of:

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Q2573

Match List-I with List-II and select the correct answer using the options given below the lists:

List-I	List-II
a. Amortisation	1. Diminition in the life of the assets due to excessive use
b. Depreciation	2. Exhaustion of natural resource
c. Depletion	3. Expiration of tangible assets
d. Obsolescence	4. Expiration of intangible assets
	5. Economic deterioration due to improved inventions

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Q2574

Any written document in support of a business transaction is called a . . . . . . . .

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Q2575

The minimum amount of capital which must be subscribed by the public before allotment is called:

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Q2576

Depreciation is appearing in the trial balance of a company. While making final accounts, it should be shown in:

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Q2577

Penalty for delay in refunding application money:

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Q2578

Purchase for office furniture is recorded in:

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Q2579

The cash price of a machine is Rs. 1,20,000 and its hire purchase price is Rs. 1,50,000 to be paid in five equal yearly instalments. If a company purchases the machine on hire purchase basis, the amount of capital expenditure will be:

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Q2580

Agreement of the trial balance may not indicate that:

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