Q901
Open questionIn case of inter-company holdings, the purchasing company, at the time of payment of the purchase consideration surrenders the shares in the vendor company by crediting
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Q902
Open questionWhich of the following is 'true' regarding the Prudence Principle of Accounting?
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Q903
Open questionPaid salary Rs. 2,000 to Mohan. Which account will be debited in this transaction?
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Q904
Open questionIn case the opening stock was Rs. 5,000, purchases Rs. 15,000 direct expenses Rs. 2,000 and closing stock Rs. 2,500, the cost of goods sold had been:
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Q905
Open questionBalance of cash book shows-
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Q906
Open questionThe Chartered Accountants Act was enacted in the year:
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Q907
Open questionIf capital on 1st January is Rs. 19,400 and on 31st December is Rs. 21,500, drawing is Rs. 4,300. Find profit/loss?
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Q908
Open questionThe break even point is where-
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Q909
Open questionOn the admission of a new partner, the increases in the value of an asset is credited to
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Q910
Open questionAll equity shareholder are
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Q911
Open questionAccounting equation is based on-
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Q912
Open questionSome of the items of liability are given below
i. Bank overdraft
ii. Debenture
iii. Loan from financial institution
iv. Unpaid wages
v. Creditors
Current liabilities in the above are
i. Bank overdraft
ii. Debenture
iii. Loan from financial institution
iv. Unpaid wages
v. Creditors
Current liabilities in the above are
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Q913
Open questionState which of the following is not a capital expenditure?
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Q914
Open questionAs per Section 52 of the companies Act, 2013, the balance in the Security Premium Account cannot be utilized for
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Q915
Open questionIncome and expenditure account is a:
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Q916
Open questionIn which of the following account(s), accounting entries are made at the book value of assets and liabilities?
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Q917
Open questionUnder purchase method, any excess of the amount of purchase consideration over the acquired assets of the transferor company should be recognised as
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Q918
Open question"The business organization will be going concern" it is
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Q919
Open questionIf debt is Rs. 220, cash balance is Rs. 20 and equity is Rs. 300, then the gearing ratio is
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Q920
Open questionA share of Rs. 20 originally issued at a discount of Rs. 2, was forfeited and the amount received on it was Rs. 4. The maximum discount on reissue of such forfeited share will be
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