51. On the insolvency of partner, the deficiency of his capital account is borne by the solvent partners, according to the decision of Garner Vs. Murray's in
52. Read the following
Assertion (A): ''Share premium cannot be utilised for any purpose other than mentioned in Sec. 78 of the Companies Act."
Reason (R): "Share premium is a capital receipt."
Select the correct answer:
Assertion (A): ''Share premium cannot be utilised for any purpose other than mentioned in Sec. 78 of the Companies Act."
Reason (R): "Share premium is a capital receipt."
Select the correct answer:
53. Assets and liabilities are . . . . . . . . for determination of capital?
54. Net profit + Non cash expenses = ?
55. The current ratio of X limited is 2 : 1 and the quick ratio is 1.5 : 1. If the current liability is Rs. 80,000, then the value of the stock will be-
56. On purchase of old furniture Rs. 8,000 were spent on its repairs. This amount should be debited to
57. The basic concept related to profit and loss account is/are
58. If current ratio is 2.5 and working capital is Rs. 90,000 then the value of current assets would be
59. The Debt-Equity Ratio is a test of
60. Break Even Point means
Read More Section(Accounting)
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