Q2721
Open questionThose preference shares which do not carry the right of share in excess profits are known as . . . . . . . . preference shares.
Select an option to see the answer and solution.
Commerce · all questionsAccounting
Accounting
practice.
Practice every MCQ with options. Use Show answers when you want the correct option and solution.
2,968
Questions
137/149
Page
Pick an option on a question to see the right answer and solution.
Q2722
Open question. . . . . . . . is given to promote sales.
Select an option to see the answer and solution.
Q2723
Open questionAccounting does not record non-financial transactions because of:
Select an option to see the answer and solution.
Q2724
Open questionWhich of the following are applicable to sinking fund method of depreciation?
I. Periodic depreciation is smaller than the assets, actual annual depreciable cost
II. Amount of interest constantly declines due to assets, reducing balances
III. Annual net incidence on profit and loss account remains constant due to incorporation of only fixed depreciation
IV. Periodic depreciation is recorded through the assets account
Select the correect answer using the options given below:
I. Periodic depreciation is smaller than the assets, actual annual depreciable cost
II. Amount of interest constantly declines due to assets, reducing balances
III. Annual net incidence on profit and loss account remains constant due to incorporation of only fixed depreciation
IV. Periodic depreciation is recorded through the assets account
Select the correect answer using the options given below:
Select an option to see the answer and solution.
Q2725
Open questionDividend is paid on . . . . . . . . capital.
Select an option to see the answer and solution.
Q2726
Open questionWhich of the following are current assets?
Select an option to see the answer and solution.
Q2727
Open questionAccounting principles are generally based on:
Select an option to see the answer and solution.
Q2728
Open questionIn stock valuation, appilcation of the principle 'at cost price or market price whichever is lower' will result in the valuation of stock sometimes at cost price and at other times at market price. This is an application of the principle of:
Select an option to see the answer and solution.
Q2729
Open questionThe purpose of depreciation is to:
Select an option to see the answer and solution.
Q2730
Open questionUnder purchase method of amalgamation, . . . . . . . . of the transferor company continues to appear in the balance sheet of the transferee company.
Select an option to see the answer and solution.
Q2731
Open questionDouble entry system of bookkeeping refers to a system where:
Select an option to see the answer and solution.
Q2732
Open questionAfter completing . . . . . . . . years a company can issue shares at discount.
Select an option to see the answer and solution.
Q2733
Open questionOn calls in advance, interest is payable @ . . . . . . . .
Select an option to see the answer and solution.
Q2734
Open questionGeneral insurance is a contract of . . . . . . . .
Select an option to see the answer and solution.
Q2735
Open questionThe following items are shown in profit and loss appropriation account as . . . . . . . .
Select an option to see the answer and solution.
Q2736
Open questionHow many sides does an account have?
Select an option to see the answer and solution.
Q2737
Open questionLegacies are generally:
Select an option to see the answer and solution.
Q2738
Open questionJournal proper is issued to record . . . . . . . .
Select an option to see the answer and solution.
Q2739
Open questionWhich one of the following securities cannot be issued by a public limited company in India?
Select an option to see the answer and solution.
Q2740
Open questionSubscription received during the year were Rs. 800 for the current year. Rs. 100 for the previous year and Rs. 100 for the next year. In the receipts and payments account the receipts from subscriptions would appear at:
Select an option to see the answer and solution.