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Q1661

Consider the following statements:
Assertion (A): Value added statement is an improvement over the traditional method of preparing profit and loss account.
Reason (R): Value added statement reflects the profit added by the firm and the share of various stockeholders of the business.
Now, select your answer:

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Q1662

Assets of a business means:

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Q1663

The record of cash transactions by non-trading concerns is shown in

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Q1664

Which of the following is a capital expenditure:

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Q1665

Assertion (A): Increasing the value of closing inventory increases profit.
Reason (R): Increasing the value of closing inventory reduces the cost of goods sold
In the context of the above two statements, which of the following is correct?

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Q1666

Arrange the following liabilities in the order of company balance sheet.
i. Bank Overdraft
ii. Bank Loan
iii. Share Capital
iv. Provision for Taxation

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Q1667

Which of the following will be debited in Income and expenditure account of a school?

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Q1668

What shall be the amount of Shareholders fund, if Equity Share Capital is Rs. 16,00,000, 8% Preference Share Capital is Rs. 2,00,000, General Reserve Rs. 73,000, Profit and Loss account balance (Cr.) Rs. 41,000, Preliminary Expenses. Rs. 20,000 and Short-term liabilities Rs. 30,000:

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Q1669

The objectives of a business organization do not include

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Q1670

Which of the following is the reason for decapitalization?

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Q1671

A prepayment of insurance premium will appear in the Balance Sheet and in the Insurance Premium account respectively as:

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Q1672

In case of forfeiture of share, share forfeiture account is credited with

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Q1673

A share of Rs. 10 issued at 2 ruppes premium on which full amount is called is forfeited due to non-payment of Rs. 4. What will be amount recorded in share capital account

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Q1674

Depreciation is admissible on which of the following asset?

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Q1675

The method/criteria that cannot be used for the measurement of social cost benefit of a particular project is

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Q1676

Correct equation of balance sheet is

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Q1677

Money received on issue of share which is more than the nominal value of shares is credited to which account?

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Q1678

Net asset of a business on 1^st January and 31^st January are Rs. 39,000 and Rs. 38,000 respectively. Additional capital and drawing made by owner during the month is Rs. 2,000 and Rs. 6,000. What is net income earned during the month of January?

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Q1679

A company proposes to introduce a new product in the market. The company wants to maintain P/V Ratio at 25%. If variable cost of the product is 300, what will be the selling price?

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Q1680

Which of the following is not a ratio for analysis of profitability?

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