Q1281
Open questionIf earning per share of X Co. is Rs. 15 and the price earning ratio of other similar companies is 10, then the market value of shares of X Co. will be:
Select an option to see the answer and solution.
Commerce · all questionsAccounting
Accounting
practice.
Practice every MCQ with options. Use Show answers when you want the correct option and solution.
2,968
Questions
65/149
Page
Pick an option on a question to see the right answer and solution.
Q1282
Open questionThe original cast of a asset is Rs. 4,15,000 is. The useful life of the asset is 20 year and net residual value of estimated at Rs. 65,000. The amount of depreciation each year will be
Select an option to see the answer and solution.
Q1283
Open questionDeficiency or surplus account in the liquidation of a company is called
Select an option to see the answer and solution.
Q1284
Open questionThe basis of generally accepted accounting principles are
Select an option to see the answer and solution.
Q1285
Open questionThe bad debts that have been written off, if recovered subsequently then they are credited to
Select an option to see the answer and solution.
Q1286
Open questionSecret Reserve in a concern be created by the following:
Select an option to see the answer and solution.
Q1287
Open question'Provision' under the companies act, 1956 means with holding of profit for the following
Select an option to see the answer and solution.
Q1288
Open questionIf two companies have different accounting policies with respect to the same item, then they make necessary changes to adopt accounting policies.
Select an option to see the answer and solution.
Q1289
Open questionEverything a firm owns, it also owes out to somebody. This co-incidenceis explained by the . . . . . . . . concept.
Select an option to see the answer and solution.
Q1290
Open questionIn journal transactions are recorded on
Select an option to see the answer and solution.
Q1291
Open questionIf an entity owns directly or indirectly more than 50% of voting rights, control is presumed unless clearly proven that it is not control. Sometimes control exists, even if there is less than 50% of voting rightes exist. State which of the followings is/are example(s) of control even if voting power is less than 50%
Select an option to see the answer and solution.
Q1292
Open questionBy which of the following the working capital will not change?
Select an option to see the answer and solution.
Q1293
Open questionWhich of the following is transferable merely by delivery:
Select an option to see the answer and solution.
Q1294
Open questionIn case of a retirement of a partner total amount of goodwill is credited to:
Select an option to see the answer and solution.
Q1295
Open questionMr. Smith applied for 200 shares at Rs. 10 per share, but 160 shares were alloted to him. After paying Rs. 2 per share on application he did not pay the allotment money of Rs. 2 per share and first call money of Rs. 3 per share. What is the outstanding amount on the shares alloted to Mr. Smith?
Select an option to see the answer and solution.
Q1296
Open questionThe originator of the double entry system, Lucas Pacioli was resident of
Select an option to see the answer and solution.
Q1297
Open questionCapital account comes under which concept?
Select an option to see the answer and solution.
Q1298
Open questionA limited company forfeited 100 share (fully called-up) for non-payment of Rs. 4 per share. Out of these 50 share were re-issued at Rs. 8 per share. What will be amount transferred to capital reserve
Select an option to see the answer and solution.
Q1299
Open questionBest indicator of the overall efficiency of a business concern is:
Select an option to see the answer and solution.
Q1300
Open questionThe credit balance in the Income and Expenditure A/c indicates:
Select an option to see the answer and solution.