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
21. Legal expenses in respect of claims of an insurance company is shown in . . . . . . . .
22. Where separate set of books are maintained, the ledger accounts required are . . . . . . . .
23. . . . . . . . . represents that part of discount received during the year by a bank which relates to the next accounting year.
24. What is the correct sequence of the following in the preparation of periodical financial statements?
I. preparation of Balance sheet
II. preparation of Funds flow statement
III. preparation of Trial balance
IV. preparation of Profit/Loss statement
Select the correct answer from the options given below and mark your answer sheet accordingly
I. preparation of Balance sheet
II. preparation of Funds flow statement
III. preparation of Trial balance
IV. preparation of Profit/Loss statement
Select the correct answer from the options given below and mark your answer sheet accordingly
25. Cash book prepared on imprest system is:
26. Match List-I with List-II and select the correct answer using the options given below the lists:
List-I (Accounting concept)
List-II (Principle involved)
a. Consistency
1. Losses are anticipated and accounted for in advance but profits are not accounted for until realised.
b. Comparability
2. All the relevant financial informations should be summarised and presented in the accounting statements.
c. Conservatism
3. Accounting procedures in an entity should be followed uniformly from period to period.
d. Disclosure
4. Accounting statement of different periods of an entity and those of different entities of a period should be based on the same accounting principles and procedures.
5. Personal Judgement of accountants should not influence accounting measurements.
| List-I (Accounting concept) | List-II (Principle involved) |
| a. Consistency | 1. Losses are anticipated and accounted for in advance but profits are not accounted for until realised. |
| b. Comparability | 2. All the relevant financial informations should be summarised and presented in the accounting statements. |
| c. Conservatism | 3. Accounting procedures in an entity should be followed uniformly from period to period. |
| d. Disclosure | 4. Accounting statement of different periods of an entity and those of different entities of a period should be based on the same accounting principles and procedures. |
| 5. Personal Judgement of accountants should not influence accounting measurements. |
27. Dividend declared in between two annual general meeting is called . . . . . . . .
28. Goods destroyed by fire should be credited to:
29. Use of subsidiary books can be made by:
30. Double entry principle 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 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 29