Q2681
Open question. . . . . . . . profit means profit which would otherwise be available for distribution of dividend.
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Commerce · all questionsAccounting
Accounting
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Q2682
Open questionWhich of the following accounts is increased by debit entries?
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Q2683
Open questionSales A/c Dr To Trading A/c Is an example of . . . . . . . .
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Q2684
Open questionBills Payable book is to keep a record of . . . . . . . .
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Q2685
Open questionWhich of the following does not represent application of fund of a company?
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Q2686
Open questionThe basic function of financial accounting is to:
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Q2687
Open questionAssets in the beginning of the year Rs. 10,000, Assets at the end of the year Rs. 18,000, Drawing during the year Rs. 2,000. Therefore the profit is:
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Q2688
Open questionConversion of physical shares into electronic securities is called . . . . . . . .
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Q2689
Open questionCompany accounting conforms more to dual aspect concept than to incomplete recording system because:
I. Companies Act insists upon the adoption of double entry systems of book keeping
II. Balance sheet could not be preprared under sec. 211 of Company's Act according to the incomplete recording system
III. To show true and fair view of the affairs of the company
IV. To ensure adequate disclosure
Select the correct answer from the options given below and mark your answer sheet accordingly.
I. Companies Act insists upon the adoption of double entry systems of book keeping
II. Balance sheet could not be preprared under sec. 211 of Company's Act according to the incomplete recording system
III. To show true and fair view of the affairs of the company
IV. To ensure adequate disclosure
Select the correct answer from the options given below and mark your answer sheet accordingly.
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Q2690
Open questionThe prime function of accounting is to:
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Q2691
Open questionRebate on bills discounted is also called . . . . . . . .
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Q2692
Open questionThe system of recording transactions based on dual aspect concept is called:
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Q2693
Open questionReceipts and payments account is a . . . . . . . .
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Q2694
Open questionWhich of the following is/are capitalised along with the purchase price a fixed asset?
I. Import duty
II. Delivery and handling cost
III. Cash discount
IV. Cost of installation
Select the correct answer using the options given below:
I. Import duty
II. Delivery and handling cost
III. Cash discount
IV. Cost of installation
Select the correct answer using the options given below:
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Q2695
Open questionAccumulated depreciation account is shown in the final accounts:
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Q2696
Open questionBuyback of shares should not exceed . . . . . . . . of paid up capital and free reserve of the company.
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Q2697
Open questionAn example of revenue expenditure is . . . . . . . .
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Q2698
Open questionWhich of the following does not involve liquidation of any company?
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Q2699
Open questionWhich account is generally used for rectification of errors?
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Q2700
Open questionThe balance sheet is a . . . . . . . . of the assets, liabilities and capital of a concern as on particular date.
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