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
31. Profit and loss account of business shows the:
32. Assets appearing in the book but having no value are known as:
33. A cultural club discloses that subscriptions received during a particular accounting period as per receipts and payments account amount to Rs. 57,360. Subscription outstanding (opening and closing) was Rs. 4,800 and Rs. 6,000 respectively. Subscription received in advance (opening balance and closing balance) amounted to Rs. 3,600 and Rs. 2,160 respectively. The amount to be posted to income and expenditure account would be
34. Match List-I with List-II and select the correct answer using the options given below the lists:
List-I
List-II
a. Preliminary expense
1. Capital expenditure
b. Travelling expenses of the salesman
2. Revenue expenditure
c. Profit on sale of a part of the business building
3. Capital gain
d. Nazrana paid on the purchase of land for business
4. Deferred revenue
| List-I | List-II |
| a. Preliminary expense | 1. Capital expenditure |
| b. Travelling expenses of the salesman | 2. Revenue expenditure |
| c. Profit on sale of a part of the business building | 3. Capital gain |
| d. Nazrana paid on the purchase of land for business | 4. Deferred revenue |
35. A person named in the negotiable instrument to whom or to whose order the money in the instrument is directed to be paid is called as the:
36. Del Credere commission is allowed to the consignee to bear:
37. Subscriptions amounting to Rs. 7,500 appear on the credit side of income and expenditure account after adjusting subscriptions out standing Rs. 600 and subscriptions received in advance Rs. 450. The amount of subscriptions to be shown in the receipts and payments account for the same year will be:
38. Advanced tax paid by a banking company is shown as . . . . . . . . in the Balance Sheet.
39. Interest received on special fund investments will be added to . . . . . . . . fund in the balance sheet.
40. Redemption of preference shares should not be regarded as reduction of . . . . . . . . capital of the company.
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 27
- Accounting - Section 28
- Accounting - Section 29
- Accounting - Section 30