Accounting MCQ Questions and Solutions with Explanations | Commerce
Accounting MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Accounting MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-10 section-19
A and B are partners sharing profit in the ratio of 2 : 3. They admit C for $${\frac{1}{4}^{{\text{th}}}}$$ share in the business. The sacrificing ratio of A and B is
As per AS-2 valuation of inventories, inventories are assets
1. held for sale in the ordinary course of business.
2. held for sale in the special course of business.
3. in the process of production for such sale.
4. in the form of materials or supplies to be consumed in the production processor or in the rendering of services.
5. in the process of services for such sale.
Select the correct answer:
Consider the following statements: Assertion (A): Rights shares are given to equity shareholders in proportion to their share capital in the company. Reason (R): Equity shareholders assume the greatest risk in company finance.
Now select your answer:
X Ltd forfeited 40 shares of Rs. 10 each and on which Rs. 4 per share were paid. If the forfeited shares are reissued as Rs. 8 per share paid-up. What is the minimum price the company must charge?
Consider the particulars given below:
Sales = Rs. 60,000
Variable cost = Rs. 25,000
Fixed cost = Rs. 30,000
Based on these data, the operating leverage shall be:
