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Q461

A company cannot issue:

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Q462

In the absence of any agreement, it is presumed that the new partner acquires his share in profits from the old partners in the:

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Q463

Given below are two statements, are labelled as Assertion (A) and other as Reason (R):
Assertion (A): The fixed assets in the balance sheet are required to be shown at cost less depreciation.
Reason (R): The balance sheet and profit and loss account disclose a true and fair view.
Choose the correct answer

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Q464

According to the Double Entry System, salary paid to a clerk Ramesh is a

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Q465

Which of the following should be shown on the asset side of the Balance Sheet:

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Q466

Which of the following ratios are taken into consideration by a banker before sanctioning the loan?

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Q467

Which of the following shows position at specific Date?

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Q468

Value added statement is a statement prepared under:

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Q469

Which of the following pairs is/are correctly matched?

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Q470

After realization of investment balance of sinking fund adjustment account is transferred to

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Q471

Which of the following statement is/are true?
1. Tax shield on depreciation and interest is an important variable both for the lessor and the lessee.
2. Lease transactions in India are governed by the lease act.
3. A lessee should evaluate the lease options against the buying option.
4. As per AS-19, financial lease is shown in the balance sheet of the lessee as an asset.

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Q472

When all the debentures are redeemed, the balance left in the Debenture Sinking Fund Account is transferred to

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Q473

In what order following items should be shown in company's balance sheet?
i. Goodwill
ii. Investment
iii. Creditors
iv. Preliminary expenses
Choose answer from one of the options

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Q474

"Make sufficient provisions for future losses, but do not anticipate future profits." The statement is in accordance to the concept of

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Q475

Which account will be debited with the nominal value of shares, when shares are issued to promoters for the service offered by them?

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Q476

Whom of the following is paid at last on the dissolution of a company?

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Q477

Functions of managerial accounting and cost accounting interacting with each other-

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Q478

Liquidity ratios are used:

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Q479

A, B, Co. Ltd. forfeited 20 shares of Rs. 10 each, Rs. 7 called up on which C had paid application and allotment money of Rs. 5 per share. Of these, 15 shares were reissued to D @Rs. 6 per share as fully paid-up for Capital Reserve account would be:

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Q480

Secret reserves may result by:

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