ExamVeda
Login
Home

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-7

Each section contains 100 MCQs on Accounting .
51
A 'Sale and lease back' arrangement is more suitable for a lessee having
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
52
$$\frac{{{\text{Changes in Profit}}}}{{{\text{Changes in Sales}}}} \times 100 =\ .\,.\,.\,.\,.\,.\,.\,.$$
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
53
The nature of 'Commission' received in advance account is
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
54
X Ltd. forfeited 40 share of Rs. 10 each and on which Rs. 4 per share were paid. If the forfeited share are reissued as Rs. 8 per share paid up, what is the minimum price the company must charge?
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
55
If a share of Rs. 10 Issued at a discount of 10%, on which full amount has been called up, is forfeited for non-payment of final call of Rs. 2, the share capital account should be debited by:
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
56
A prospectus for inviting subscription in shares or debentures can be issued only by
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
57
If the face value of share is Rs. 10, earning per share is Rs. 4 and dividend per share is Rs. 2, then dividend payout ratio will be
Discuss
Answer & Solution
Answer: Option D
Solution:
The dividend payout ratio shows what percentage of a company's earnings are paid out to shareholders as dividends.

We can calculate it using the following formula:

Dividend Payout Ratio = (Dividend per Share / Earnings per Share) * 100

In this case:
* Dividend per share = Rs. 2
* Earnings per share = Rs. 4

So, the calculation is:
(Rs. 2 / Rs. 4) * 100 = 0.5 * 100 = 50%

Therefore, the dividend payout ratio is 50%. This means the company is paying out half of its earnings as dividends.
58
Statement I These is no standard method for environmental accounting.
Statement II Environmental accounting is applied to textile industries.
Which of the following is/are correct?
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
59
A and B are partners sharing profits in the firm in the ratio of 2 : 3. Goodwill appears in the books of firm at Rs. 10,000. C joins the firm for $$\frac{1}{5}$$ share of profits. His share of Goodwill is estimated to be Rs. 15,000. The old partner's account will be credited with Goodwill by
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
60
Good worth Rs. 500 have been taken by the proprietor for his personal use, for which no entry has been passed in the books. This is an
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board