Commerce · all questions

Accounting
practice.

Practice every MCQ with options. Use Show answers when you want the correct option and solution.

2,968

Questions

57/149

Page

Pick an option on a question to see the right answer and solution.

Q1121

The balance of Capital Redemption Reserve Account is available for:

Select an option to see the answer and solution.

Q1122

Earning return ratio shows the relationship between earning per share and whom?

Select an option to see the answer and solution.

Q1123

Current assets are valued at:

Select an option to see the answer and solution.

Q1124

According to which concept, it is necessary to disclose all the necessary information in financial statements?

Select an option to see the answer and solution.

Q1125

Cost of goods sold is Rs. 20,000, gross profit is Rs. 5,000 and sales return is Rs. 10,000. On the basis of above data find sales?

Select an option to see the answer and solution.

Q1126

Bonus shares can be issued from:

Select an option to see the answer and solution.

Q1127

Bonus is:

Select an option to see the answer and solution.

Q1128

Interpretation of Financial Statement includes-

Select an option to see the answer and solution.

Q1129

Which of the following error will not affect the trial balance?

Select an option to see the answer and solution.

Q1130

A company forfeited 30 share of Rs. 10 each for non-payment of allotment Rs. 3 share and call money Rs. 4 per share. The company re issued these shares as fully paid-up shares at the rate of Rs. 8 per share. Amount transferred to capital reserve will be

Select an option to see the answer and solution.

Q1131

The application money payable on a share should not be less than the following percentage of the value of the share:

Select an option to see the answer and solution.

Q1132

What is the effect of increase in variable cost?

Select an option to see the answer and solution.

Q1133

Given-
Stock - Rs. 14,000;
Debtors - Rs. 20,000;
Creditors - Rs. 30,000;
Stock - turnover 5 times;
Credit collection period - 73 days;
Administrative expenses - 20% of sales;
All sales are made on credit. The net profit will be-

Select an option to see the answer and solution.

Q1134

Consider the following information:

Net profit before depreciation and tax	Rs. 44,000
Depreciation for the year	Rs. 8,000
Goodwill written off	Rs. 10,000
Rate of tax	50%

Cash flow from operation will be

Select an option to see the answer and solution.

Q1135

If current ratio is 2.4 : 1 and current liability is Rs. 20,000/-, then what will be the amount of current assets

Select an option to see the answer and solution.

Q1136

Liability of partners for firm's debt is:

Select an option to see the answer and solution.

Q1137

The cost of goods sold is Rs. 50,000. The value of opening and closing stock is Rs. 15,000 and Rs. 25,000 respectively. The stock turnover rate will be :

Select an option to see the answer and solution.

Q1138

Given,

	1^st January	31^st December
Assets	Rs. 30,000	-
Liability	Rs. 13,000	-
Capital	-	Rs. 16,500

Drawing during the year is Rs. 4,000 Capital on 1^th January is:

Select an option to see the answer and solution.

Q1139

In Companies Act, 1956 the proforma of B/S is given in:

Select an option to see the answer and solution.

Q1140

Realisation account is a

Select an option to see the answer and solution.

Prev 55 56 57 58 59 Next