1. Fixed assets are reported in the Balance Sheet at historical cost basis. This is done in order to comply with the accounting principle of:
2. Issue of debenture is a-
3. Arrange the following categories of share capital of a company in the correct order.
1. Paid-up capital
2. Issued capital
3. Called-up capital
4. Subscribed share capital
1. Paid-up capital
2. Issued capital
3. Called-up capital
4. Subscribed share capital
4. The term 'risk capital' denotes:
5. Bonus Shares can be issued out of:
6. The source of cash inflow in cash flow statement is:
7. If the average stock of a firm is Rs. 40,000 and its opening stock is Rs. 5,000 less than the closing stock, what would be the value of Opening Stock?
8. Capital account is opened in case of:
9. According to Section 80 of the Companies Act, 1956, a company cannot redeem its Preference shares out of:
10. A person starts a business with a capital of Rs. 45,000. He purchased goods on credit worth Rs. 5,000. These transactions can be expressed in an accounting equation as-
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Each Section contains maximum 100 MCQs question on Accounting. To get more questions visit other sections.
- Accounting - Section 1
- Accounting - Section 2
- Accounting - Section 3
- Accounting - Section 4
- Accounting - Section 5
- Accounting - Section 6
- Accounting - Section 7
- Accounting - Section 8
- Accounting - Section 9
- Accounting - Section 10
- Accounting - Section 11
- Accounting - Section 12
- Accounting - Section 13
- Accounting - Section 15
- Accounting - Section 16
- Accounting - Section 17
- Accounting - Section 18
- Accounting - Section 19
- Accounting - Section 20
- Accounting - Section 21
- Accounting - Section 22
- Accounting - Section 23
- Accounting - Section 24
- Accounting - Section 25