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Accounting
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Q861

Minimum number of members in case of public company is

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Q862

In Internal reconstruction

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Q863

While preparing a Fund Flow Statements the provision for taxation should be taken as:

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Q864

The Share Capital, General Reserve and Profit and Loss Account (Cr.) of B. Ltd. stood at Rs. 6,00,000 (divided into 60,000 shares of Rs. 10 each), Rs. 1,20,000 and Rs. 1,80,000 respectively. A majority of 40,000 shares had been acquired by A. Ltd. and at the time of acquisition undistributed profit and General Reserve amounted to Rs. 1,00,000. The present value of the minority interest would be:

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Q865

Which of the following is not intangible asset?

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Q866

Journal is a book of:

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Q867

When forfeited share are re-issued then the balance of share forfeiture account is transferred to:

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Q868

As per the matching concept, revenue - ? = profit

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Q869

Given,

Net Loss	Rs. 20,000
Depreciation on machinery	Rs. 50,000
Amortisation of Goodwill	Rs. 5,000
Loss on sale of old furniture	Rs. 3,500
Profit on sale of land	Rs. 8,500
Provision for Bad Debts	Rs. 2,500

Funds from operation are

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Q870

Partner X and Y withdraws Rs. 3,000 and Rs. 5,000 in the beginning of every month during the year. Interest on drawing @ 10% p.a. for the year will be

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Q871

For amalgamation in the nature of merger, the shareholders holding atleast . . . . . . . . or more of the equity shares of the transferor company becomes the equity shareholders of transferee company.

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Q872

Which of the following factor is not considered while selecting accounting policies?

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Q873

X Ltd, has current ratio of 2 : 1 and Quick ratio of 1.5 : 1. If its current liabilities are Rs. 60,000, then the value of stock would be:

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Q874

The need for showing contingent liability in the balance sheet arises out of the convention of:

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Q875

As per Partnership Act, which of these rights are available to a partner?

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Q876

Unrealized dividend is shown under which of the following head in company balance sheet?

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Q877

The 'going concern concept' is the underlying basis for

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Q878

Liability of a member in case of a private company can be

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Q879

Match the following:

List-I	List-II
a. Measurement of income	1. Accrues to the equility of curves
b. Recognition of expense	2. Recognition of revenue
c. Basis of realisation	3. Matching revenue with expenses
d. Identification of revenue	4. Accounting period

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Q880

If net loss is Rs. 5,000, General expenses are Rs. 14,500, Sales amount to Rs. 25,000, the Gross Profit will be:

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