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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-6 section-26

Each section contains 100 MCQs on Accounting .
51
Any expenditure incurred in order to reduce the operating expenses is . . . . . . . .
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Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
52
. . . . . . . . is a liability which may or may not arise in future depending on happening of some uncertain future event.
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Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
53
Pooling of interest method is applicable for amalgamation in the nature of . . . . . . . .
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Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
54
Average due date can be called as . . . . . . . .
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Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
55
When one of the following reflects the over all efficiency with which capital is used?
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Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
56
. . . . . . . . is an annual payment made by a life insurance company in consideration form a lump sum received.
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Answer & Solution
Answer: Option B
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57
Which of the following is not an alteration of capital?
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Answer & Solution
Answer: Option D
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58
At present, a company limited by shares cannot issue . . . . . . . . preference shares.
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Answer & Solution
Answer: Option B
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59
According to which of the following concepts even the owner of the business who provides capital treated as a creditor of the business?
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Answer & Solution
Answer: Option A
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60
Discount on issue of debentures is a . . . . . . . .
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Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board