41. If the net sales of the year is Rs. 2,50,000 and the debtors is Rs. 50,000, then the average collection period will be
42. An adjustment entry for prepaid expenses affects
43. Over-capitalisation can be remedied:
44. On dissolution of a firm, if goodwill does not appear in the Balance Sheet of the firm, it is
45. Accounts do not record:
46. A decreasing current ratio indicates:
47. Which of the following is not a business activity?
48. In the absence of any contract to the contrary, profit on dissolution of a partnership firm is credited to the partner's capital accounts:
49. Assertion (A): Premium receivedon issue of shares is credited to share premium account but not to profit and loss account.
Reason (R): Since share premium is not a trading profit, it is not distributed to shareholders.
Reason (R): Since share premium is not a trading profit, it is not distributed to shareholders.
50. Total capital employed is equal to:
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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 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