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Accounting
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Q661

Underwriting commission is due on which basis?

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Q662

The cost of taking 'license' to run cinema is

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Q663

Which is the convention of accounting, where in there is no overvaluation of assets and incomes:

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Q664

Ram and Shyarn are partners in a firm with a capital of Rs. 4,80,000 and Rs. 3,10,000 respectively. They admitted Ganesh as a partner with

\frac{1}{4}^{th}

share of profit, and Ganesh brings Rs. 3,00,000 as his capital. Ganesh's share of goodwill will be

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Q665

Match List-I with List-II and choose answer

List-I	List-II
a. Cash	1. Equity share capital
b. Profit	2. Permanent property
c. Discount on issue of shares	3. Virtual asset
d. Machinery and plant	4. Current asset

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Q666

In case of a company "Buy Back" is related to:

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Q667

Indicate which of the following is correct?

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Q668

On what value the depreciation is charged in the books of the buyer in case of hire purchase method?

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Q669

Which one of the following statements is false:

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Q670

While preparing Funds Flow Statement an increase in working capital is regarded as:

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Q671

W, X, Y are partners. They admitted Z into the firm and gave him guarantee that his share in profits will not be less than Rs. 10,000 p.a.. Profits will be shared in 4 : 3 : 3 : 2. If profit for the year is Rs. 48,000 then what is profit share of each partner?

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Q672

After reissue of forfeited shares the balance of Share Forfeited Account will be transferred to:

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Q673

A company was incorporated on 1^st May, 1997 for acquiring a business from 1^st January 1997. The sales for January, March and September is one and a half times, and the sale of December is twice and that of February is half of the average monthly sale of the year.
The ratio of sale for the period prior to incorporation and after the incorporation will be:

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Q674

GAAP required to:

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Q675

Match the items given in column-I with the appropriate particulars listed in column-II

Column-I	Column-II
a. Debit balance of the cash book	1. Overdraft
b. Debit balance of the passbook	2. Favourable balance
c. Interest charged by bank	3. Debited in passbook
d. Interest provided by bank	4. Credited in passbook

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Q676

Capital Profits are earned from:

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Q677

Which of the following should be deducted from the share capital to find out paid-up capital?

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Q678

The accounting concepts which help in ascertaining the profit/loss correctly are:

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Q679

Which of the following is not a source of funds:

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Q680

Which one of the following is not a clerical error?

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