Accounting MCQ Questions and Solutions with Explanations | Commerce

A. Simple journal

B. Special journal

C. (A) and (B) both

D. None of the above

A. $$\frac{{{\text{Total Assets}}}}{{{\text{Total Liabilities}}}}$$

B. $$\frac{{{\text{Current Assets}}}}{{{\text{Current Liabilities}}}}$$

C. $$\frac{{{\text{Liquid Assets}}}}{{{\text{Current Liabilities}}}}$$

D. $$\frac{{{\text{Current Liabilities}}}}{{{\text{Liquid Assets}}}}$$

A. Issue, Application, Call and Forfeiture

B. Application, Call, Forfeiture and Issue

C. Call, Issue, Application and Forfeiture

D. Forfeiture, Application, Issue and Call

A. Deferred Revenue Expenditure

B. Income accrued but not received

C. Dividend declared but not paid

D. Discount on issue of debentures

A. Liability

B. Asset

C. Capital

D. Loan

A. 15 : 20

B. 35 : 25

C. 15 : 29

D. 15 : 35

A. Realisation A/c will be debited

B. Realisation A/c will be credited

C. No entry should be passed

D. None of the above

A. Convertible ⇔ Debenture

B. Participative ⇔ Preference

C. Secured ⇔ Mortgage

D. Right share ⇔ Issued to new shareholders

A. 60%

B. 65%

C. 66.23%

D. 62%

A. Rs. 2,800

B. Rs. 3,600

C. Rs. 5,400

D. Rs. 9,000