Accounting MCQ Questions and Solutions with Explanations | Commerce

A. Capital Structure

B. Liquidity position

C. Overall performance

D. Movement in share prices

A. a-2, b-3, c-4, d-1

B. a-3, b-2, c-4, d-1

C. a-4, b-3, c-2, d-1

D. a-1, b-2, c-3, d-4

A. Rs. 5,000 goods purchased on cash, by mistake expense account debited in place of purchase account

B. Overcasting of purchase return book Rs. 500 in December

C. Total of sales book carried forward from 2000 to 2200

D. None of the above

A. 1, 2 and 3

B. 1, 3 and 5

C. 1, 3 and 4

D. 1, 2 and 5

A. Value of all current assets

B. Sum of cash and Bank Balances

C. Current Assets less Inventories

D. Current Assets less Inventories and Prepaid Expenses

A. Change in selling price

B. Change in variable cost

C. Change in contribution

D. Change in fixed cost

A. 5 months

B. 6 months

C. 7 months

D. $$5\frac{1}{2}$$ months

A. revaluation model to the exploration and evaluation assets

B. cost model to the exploration and evaluation assets

C. Either A or B

D. Both A and B

A. partner giving guarantee

B. partner with highest ratio

C. partnership firm

D. all the other partners

A. Goodwill is raised by Rs. 12,000

B. C will remain as debtor for Rs. 3,000

C. C's account is debited by Rs. 3,000

D. Goodwill is raised by Rs. 9,000