Q501
Open questionAccording to which concept are the owners considered to be different from the business?
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Accounting
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Q502
Open questionUnaccrued Income is a-
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Q503
Open questionAmount of security premium may be utilised for
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Q504
Open questionA, B and C are partners in a firm in the ratio of 5 : 3 : 2. B retires from the firm. A and C want to have the same previous ratio. The new ratio of A and C will be
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Q505
Open questionMatch List-I with List-II
| List-I | List-II |
| a. Ind AS-16 | 1. Income tax |
| b. Ind AS-38 | 2. Leasing |
| c. Ind AS-17 | 3. Intangible assets |
| d. Ind AS-12 | 4. Property, plant and equipments |
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Q506
Open questionMatch the items of List-I with the items of List-II and choose the correct answer:
| List-I | List-II |
| a. Provision for | 1. Current assets taxation |
| b. Livestock | 2. Unsecured loans |
| c. Sundry debtors | 3. Fixed assets |
| d. Interest accrued on unsecured loans | 4. Provisions |
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Q507
Open questionUnder Garner vs Murray rule, in the event of dissolution of a partnership firm, solvent partner will have to share the deficiency of insolvent partner in
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Q508
Open questionGoodwill of a business is its:
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Q509
Open questionPrice earning ratio is more when:
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Q510
Open questionSingle entry system is defective because under this system:
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Q511
Open questionRevenue is generally recognised as being earned at the point of time, when:
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Q512
Open questionThe cost of a machine having a span of life 5 years is Rs. 10,000. It has a scrap value of Rs. 1,000. The amount of depreciation in the first year under the sum of year's digit method will be:
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Q513
Open questionDepreciation on fixed assets is:
OR
Depreciation is:
OR
Depreciation is:
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Q514
Open question. . . . . . . . rule is applicable at the time of any partner becoming insolvent.
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Q515
Open questionX and Y are partners in a firm. X is entitled to a salary of Rs. 2,000 per month together with a commission of 10% of net profit before chargin any commission. Y is entitled to a salary of Rs. 5000 per annum together with a commission of 10% of net profit after charging all commissions. Net profit before charging any commission for the year was Rs. 55,000. What will be the net profits to be distributed to X and Y respectively?
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Q516
Open questionThe quick ratio is 1.5 : 1 and the quick assets is Rs. 30,000. The quick liability will be
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Q517
Open questionCurrent Cost Accounting method attempted to match the current incomeagainst which cost?
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Q518
Open questionThe adjusted net profit of a business is Rs. 2,00,000 and the amount of capital employed is Rs. 12,50,000. If goodwill is to be calculated on basis of 3 year purchase of super profit and the normal rate of return is 10% then the value of goodwill will be
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Q519
Open questionWhich type of share hold only one right and that of a fixed rate of dividend
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Q520
Open questionA and B were Sharing Profit of a business in the ratio of 3 : 2. They admit C into partnership, who gets of the share of profit from A, of the share of profit from B. What will be the new profit sharing ratio now:
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