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Accounting
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Q1521

Bad Debt in Departmental Accounts is:

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Q1522

According to the money measurement concept, which among the following will be recorded in the books of account of the business:

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Q1523

A and B are partners in a firm and share profits and losses in the ratio of 3 : 2. C joins firm as new partner and contributes Rs. 6,000 as premium for goodwill in cash. Here, the premium for goodwill shall be shared by A and B on the basis of new profit sharing ratio, that is 5 : 3 : 2 as

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Q1524

Given
Opening stock - Rs. 5,000
Closing stock - Rs. 7,000
Purchases - Rs. 10,000
Manufacturing expenses - Rs. 20,000
Loss of meterials by fire - Rs. 1,000
Manufacturing cost will be:

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Q1525

The total average cost of a firm on producing 5 units is Rs. 30/- and the average cost of producing 6 units is Rs. 32/-. The marginal cost of production of the sixth unit will be

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Q1526

A company can pay dividends out of

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Q1527

When a company buys its own debenture as an investment, the debenture account is debited with

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Q1528

Which one of the following does not consititute a Current Liability:

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Q1529

Share premium received by issuing shares can be used for:

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Q1530

The discount allowed on reissue of forfeited shares is debited to

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Q1531

Indicate the correct statement as regards the sources of funds for a Funds Flow Statement from the following:
i. Increase in working capital
ii. Decrease in working capital
iii. Writing off the intangible/fictitious assets
iv. Issuing equity shares for acquisition of a building for office
v. Charging depreciation on fixed assets

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Q1532

The cost of debt capital is as-

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Q1533

A trader values his opening stock 10% over cost. It value of opening stock is written as Rs. 27,500 then its cost would be

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Q1534

Trial balance is prepared to ascertain-

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Q1535

Under which method of depreciation, the value of machinery never comes to zero:

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Q1536

Debenture holders are

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Q1537

The balance of a partner's current accounts is

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Q1538

The general manager is entitled to a commission of 10% on net profit after charging the commission of works manager. The works manager is entitled to a commission of 5% on the net profit after charging the commission of general manager. The profit before charging any commission is Rs. 7,000. The commission of the works manager, to the nearest rupee, will be

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Q1539

An accounting system that does not take into consideration outstanding expenses and accrued incomes for computation of profit Is called

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Q1540

Which method of HR Accounting was developed by Lev and Schwartz?

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