Commerce · all questions

Accounting
practice.

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

2,968

Questions

89/149

Page

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

Q1761

The people to adopt a new product first are called

Select an option to see the answer and solution.

Q1762

A and B are partners. A died in an accident so:

Select an option to see the answer and solution.

Q1763

A club received Rs. 1,00,000 as a donation for the year 1998. The amount of donation received was Rs. 15,000 on 31^st December 1998 and Rs. 20,000 on 31^st December 1997. The amount of income as donation for year 1998 is-

Select an option to see the answer and solution.

Q1764

The 'y' axis in the break even chart represents

Select an option to see the answer and solution.

Q1765

Which of the following expenditure is of capital nature:

Select an option to see the answer and solution.

Q1766

Current ratio is

Select an option to see the answer and solution.

Q1767

Decrease in current liability indicates

Select an option to see the answer and solution.

Q1768

Which of the following is not correct equation?

Select an option to see the answer and solution.

Q1769

Cash Flow Management involves:
i. Lock-box system
ii. Marketable securities
iii. Playing the float
iv. Concentration Bank Account

Select an option to see the answer and solution.

Q1770

As per Revenue Recognition Concept, revenue is deemed to be realised

Select an option to see the answer and solution.

Q1771

Liquidity ratio does not include-

Select an option to see the answer and solution.

Q1772

If the rate of gross profit is 25% of the sales and the cost of goods sold is Rs. 1,00,000 the amount of gross profit will be:

Select an option to see the answer and solution.

Q1773

Sacrifice ratio is used

Select an option to see the answer and solution.

Q1774

X and Y are partners in the firm. Their profit sharing ratio is 2 : 3. Rs. 10,000 goodwill is appearing in the books. Z becomes new partner in the firm for

\frac{1}{5}^{th}

share. His share of goodwill is calculated as Rs. 15,000. Amount of goodwill credited to old partners capital account will be

Select an option to see the answer and solution.

Q1775

Company with a paid up capital of 5000 equity shares Rs. 10 each has a turnover of four times with a margin of 8% on sales. The ROI of the company will be:

Select an option to see the answer and solution.

Q1776

Stock = Rs. 14,000
Debtors = Rs. 20,000
Stock Turnover = 5 Time
Debtor's collection period = 73 days
Creditors = Rs. 20,000
Outstanding expenses 15% Lendars
Current Assets Turnover will be:

Select an option to see the answer and solution.

Q1777

A machinery was purchased on 1^st January 1999 and was depreciated at the rate of 10% on diminishing balance method. It was sold on 31^st March 2001 when its value was Rs. 67,129 what was its value on 1^st January 1999?

Select an option to see the answer and solution.

Q1778

ABC Ltd was incorporated with an authorised share capital of Rs. 1,00,000 equity shares of Rs. 10 each. The Board of Directors of the company decided to allot 10,000 shares credited as fully paid to the promoters of the company for their services. Which account should be debited in the books of ABC Ltd?

Select an option to see the answer and solution.

Q1779

Jagdish and Brij are partners in a firm who share profits and losses in 3 : 2. They admitted Ramesh for

\frac{1}{3}

share. Their new profit sharing ratio will be?

Select an option to see the answer and solution.

Q1780

Which of the following is accounting equation:

Select an option to see the answer and solution.

Prev 87 88 89 90 91 Next