Q1801
Open questionAS-3 is related to
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Commerce · all questionsAccounting
Accounting
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Q1802
Open questionWhich one of the following statement is not true?
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Q1803
Open questionGross Profit is equal to
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Q1804
Open questionDissolution of partnership between all partners of firm is called . . . . . . . .
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Q1805
Open questionAmount received from joint life policy in case of a death of a partner will be credited in partner's capital account to
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Q1806
Open questionIn case of a company, total assets less outside liabilities is called:
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Q1807
Open questionFor paying liabilities not taken over by the purchasing company, the vendor company credits
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Q1808
Open questionA motor car which was purchased for Rs. 20,000 had its book value Rs. 12,000 was sold for Rs. 25,000, the capital profits will be:
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Q1809
Open questionIf a machinery of Rs. 7,20,000 is purchased against the issue of fully paid shares of Rs. 8,00,000, then balance of Rs. 80,000 is debited to
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Q1810
Open questionThe minimum amount that should be called by a company with application for its shares is the following per cent of face value of shares:
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Q1811
Open questionWhich of the following is not an accounting convention:
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Q1812
Open questionA purchase invoice for Rs. 1,250 was entered in the purchase book at Rs. 1,520 is called:
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Q1813
Open questionOn issue of shares, the application money should not be less than
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Q1814
Open questionThe margin of safety/residue of security is equal to
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Q1815
Open questionA and B are partners with a profit-sharing ratio of 2 : 1 and capitals of Rs. 3,00,000 and Rs. 2,00,000, respectively. They are allowed 6% per annum interest on their cap itals and are charged 10% per annum interest on their drawings. Their drawings during the year were Rs. 60,000 for A and Rs. 40,000 for B. B's share of net profit as per profit and loss appropriation account amounted to Rs. 40,000. The net profit of the firm before any appropriation was
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Q1816
Open questionWhich statement is true in case of Receipt and Payment A/c:
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Q1817
Open questionAdvanced money received from a customer for supply of goods in future is a/an
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Q1818
Open questionThe sum of the shares sacrificed by the old partners is equal to the share given to . . . . . . . . .
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Q1819
Open questionIf Opening Stock is Rs. 10,000, Net Purchase Rs. 70,000, Wages Rs. 2,500, Carriage Inward Rs. 500 and Closing Stock Rs. 15,000. What is the Manufacturing Cost?
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Q1820
Open questionA worker is paid Rs. 1 per hour, and the standard time fixed in 10 hours. Whereas the rate of premium is 50%. One worker is able to complete the work in 8 hours. The wages payable to him under Halsey Plan will be:
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