Section 1
Section 2
Section 3
Section 4
Section 5
Section 6
Section 7
Section 8
Section 9
Section 10
Section 11
Section 12
Section 13
Section 14
Section 15
Section 16
Section 17
Section 18
Section 19
Section 20
Section 21
Section 22
Section 23
Section 24
Section 25
Section 26
Section 27
Section 28
Section 29
Section 30
91. Which of the following is an error of commission?
92. The loss on the sale of old furniture is debited to
93. Match List-I (Items of expenditure and receipt) with List-II (Nature of expenditure and receipt) and select the correct answer using the options given below the lists:
List-I
List-II
a. Compensation paid to retrenched workers of the factory for the loss of service
1. Capital expenditure
b. Legal expenses incurred in connection with the purchase of a plot of land
2. Capital receipt
c. Compensation received from the government for the compulsory removal of a business premises to another place
3. Revenue expenditure
d. Sale proceeds of merchandise (goods)
4. Revenue receipt
| List-I | List-II |
| a. Compensation paid to retrenched workers of the factory for the loss of service | 1. Capital expenditure |
| b. Legal expenses incurred in connection with the purchase of a plot of land | 2. Capital receipt |
| c. Compensation received from the government for the compulsory removal of a business premises to another place | 3. Revenue expenditure |
| d. Sale proceeds of merchandise (goods) | 4. Revenue receipt |
94. Rebate on bills discounted is shown in the Balance Sheet as . . . . . . . .
95. The nominal value of preference shares to be redeemed can be provided out of . . . . . . . .
96. Which one of the following should be considered as a revenue expenditure?
97. A person who draws a bill of exchange is known as the:
98. Which of the following is not a case of combination?
99. The proprietor of a business is treated as a creditor for capital introduced by him according to:
100. Rs. 10,000 spent on the replacement of worn-out parts of an electronic machinery is treated as:
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 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
- Accounting - Section 26
- Accounting - Section 27
- Accounting - Section 28
- Accounting - Section 30