91. Rights shares are the shares
92. Balance of petty cash book represents
93. A limited company issued equity shares of Rs. 100 each. It has called-up Rs. 75 on each share, but received only Rs. 60 per share. The share capital account will be credited with
94. Which of the following is not correct:
95. Rearrange the following items on Asset side of the Balance Sheet of Company Account according to the Schedule VI of Part I
1. Current Assets
2. Investments
3. Fixed Assets
4. Miscellaneous expenditure
1. Current Assets
2. Investments
3. Fixed Assets
4. Miscellaneous expenditure
96. Prepaid rent appearing in trial balance should be shown in
97. Match the items in Column-I with the items in Column-2
Column-1
Column-2
a. Materiality concept
1. The same accounting method used by a firm from one period to another
b. Going Concern concept
2. An inappropriate assumption of a firm being bankrupt
c. Historical Cost concept
3. A normal basis used for accounting assets
d. Consistency concept
4. Relates to the importance of an item or event
Column-1 | Column-2 |
a. Materiality concept | 1. The same accounting method used by a firm from one period to another |
b. Going Concern concept | 2. An inappropriate assumption of a firm being bankrupt |
c. Historical Cost concept | 3. A normal basis used for accounting assets |
d. Consistency concept | 4. Relates to the importance of an item or event |
98. Rent earned by a trading company is:
99. A company can reissue its forfeited shares:
100. X company purchased a machine paying cash Rs. 50,000, sold inventory for cash Rs. 10,000 (at cost), and collected bills receivables of Rs. 5,000 during a month. The net effect on fund flow would be:
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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 6
- Accounting - Section 7
- Accounting - Section 8
- Accounting - Section 9
- Accounting - Section 10
- Accounting - Section 11
- Accounting - Section 12
- Accounting - Section 13
- Accounting - Section 14
- 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