Q1861
Open questionWhich one of the following statements is not true as per the rule laid down in Garner Vs. Murray:
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Accounting
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Q1862
Open questionNet worth of a business means:
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Q1863
Open questionHigh ratio low profitability' is applicable to:
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Q1864
Open questionThe discount on issue of debentures is written off
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Q1865
Open questionThe present value of the future contributions of employees is one of the methods of
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Q1866
Open questionMatch the following
| List I | List II |
| a. Capital is the difference between | 1. Cost of goods sold from sales |
| b. Gross profit is ascertained by deducting | 2. To find out cost of production |
| c. Wages paid for erecting machines are | 3. Assets and liabilities |
| d. The manufacturing account is prepared | 4. Debited to machinery account |
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Q1867
Open questionTrade mark, goodwill and building are shown under which head in company's balance sheet?
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Q1868
Open question| Opening stock | Rs. 2,000 |
| Closing stock | Rs. 3,000 |
| Purchases | Rs. 31,000 |
| Debentures (representing 1/3 of owner's capital) | Rs. 5,000 |
| Sales | Rs. 50,000 |
Capital turnover ratio will be:
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Q1869
Open questionShare Allotment Account is a
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Q1870
Open questionIncomplete method of accounting cannot be used by which of the following?
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Q1871
Open questionThe practice of valuation of inventory 'at cost or market price, whichever is lower' is an example of:
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Q1872
Open questionWhich of the following statements is incorrect?
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Q1873
Open questionIn order to implement the provisions of partnership deed, the firm prepares
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Q1874
Open questionA Ltd has allotted 10,000 shares to the applicants of 14,000 shares on pro-rata basis, The amount payable an application is Rs. 2. Mr. X applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from X is
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Q1875
Open questionThe charter of a company is its:
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Q1876
Open questionWhich of the following is not a source of funds:
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Q1877
Open questionDonation received during the year Rs. 5,000. Donation received in advance Rs. 500, outstanding donation Rs. 300. Amount credited in Income and expenditure will be
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Q1878
Open questionIn the absence of an agreement, interest to be allowed to the partners on their capital, according to Indian Partnership Act, will be at the rate of:
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Q1879
Open questionWhich of the following errors will not be disclosed by Trial Balance?
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Q1880
Open questionWhich of the following items is not taken in to account while computing Current Ratio?
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