Q1381
Open questionA, B, C and D are equal partners. A, B and D die together in a plane crash. The accident results in:
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Q1382
Open questionWhich of the following statement regarding the dissolution of a partnership firm is true:
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Q1383
Open questionInterest on loan taken for the purchase of fixed assets is a
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Q1384
Open questionIFRS is based on
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Q1385
Open questionGopal held 100 shares of Rs. 10 each of a company on which he had paid Rs. 3 on the application and Rs. 2 on the allotment but could not pay Rs. 2 on the first call. The directors forfeited the above share. The share capital will be debited by
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Q1386
Open questionWhich of the following items will be written in a partner's capital account when the capital accounts are fixed?
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Q1387
Open questionDepreciation is a process of:
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Q1388
Open questionGiven that,
Inventory turnover ratio = Rs. 6 Time
Average inventory = Rs. 8,000
Selling price = Rs. 25% More then the cost.
What will be the amount of gross profit?
Inventory turnover ratio = Rs. 6 Time
Average inventory = Rs. 8,000
Selling price = Rs. 25% More then the cost.
What will be the amount of gross profit?
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Q1389
Open questionDonations received for a special purpose will be taken to the:
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Q1390
Open questionWhich one of the following statement is true?
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Q1391
Open questionIn a reconstruction scheme, the reduction of capital may take the form of
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Q1392
Open questionWhich of the following is capital profit:
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Q1393
Open questionWhich of the following practices is not in consonance with the convention of conservatism?
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Q1394
Open questionIf net profit is Rs. 30,000 and non-cash charges are Rs. 10,000 then the funds from operations will be:
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Q1395
Open questionThe Receipt and Payment Account of a club shows the following details of subscriptions:
Arrears Rs. 500, current Rs. 10,500 advance Rs. 800.
There are 1200 members each paying an annual subscription of Rs. 10. The amount of subscription to be credited to Income and Expenditure Account will be:
Arrears Rs. 500, current Rs. 10,500 advance Rs. 800.
There are 1200 members each paying an annual subscription of Rs. 10. The amount of subscription to be credited to Income and Expenditure Account will be:
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Q1396
Open questionThe word 'receivables' includes-
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Q1397
Open questionOn the admission of a new partner, any increase in the value of Buildings is credited to
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Q1398
Open questionThe term, 'imprest system' is used in relation to:
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Q1399
Open questionWhich one of the following pair is not correctly matched?
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Q1400
Open questionWhen a purchasing company pays purchase consideration, it will be debited to
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