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
51. Purchase of machinery is recorded in:
52. Wages paid for erection of machinery are debited to . . . . . . . .
53. In the case of marine insurance reserve for unexpired risk is . . . . . . . .
54. Depreciation Accounting is a process of:
55. Which of the following accounts will invariably have a credit balance?
56. Insurance Act came in to effect in . . . . . . . .
57. The following figures are taken from a balance sheet:
Equity share capital = Rs. 1,10,000
6% preference share capital = Rs. 30,000
General reserve = Rs. 50,000
Reserve for contingencies = Rs. 20,000
6% mortgage debentures = Rs. 50,000
Sundry creditors = Rs. 20,000
Preliminary expenses = Rs. 5,000
Prepaid expenses = Rs. 4,000
In this case, the debt equity ratio is:
Equity share capital = Rs. 1,10,000
6% preference share capital = Rs. 30,000
General reserve = Rs. 50,000
Reserve for contingencies = Rs. 20,000
6% mortgage debentures = Rs. 50,000
Sundry creditors = Rs. 20,000
Preliminary expenses = Rs. 5,000
Prepaid expenses = Rs. 4,000
In this case, the debt equity ratio is:
58. A business concern provides the following details-
Cost of goods sold = Rs. 1,50,000
Sales = Rs. 2,00,000
Opening stock = Rs. 60,000
Closing stock = Rs. 40,000
Debtors = Rs. 45,000
Creditors = Rs. 50,000
The concerns, purchses would amount to (in Rs.):
Cost of goods sold = Rs. 1,50,000
Sales = Rs. 2,00,000
Opening stock = Rs. 60,000
Closing stock = Rs. 40,000
Debtors = Rs. 45,000
Creditors = Rs. 50,000
The concerns, purchses would amount to (in Rs.):
59. If,
Capital at the end = Rs. 7,000
Capital introduced = Rs. 5,000
Drawings = Rs. 8,000
Loss = Rs. 10,000
Then capital in the beginning is equal to:
Capital at the end = Rs. 7,000
Capital introduced = Rs. 5,000
Drawings = Rs. 8,000
Loss = Rs. 10,000
Then capital in the beginning is equal to:
60. The accumulated losses and fictitious assets of the transferor company are transferred to . . . . . . . . a/c.
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 29
- Accounting - Section 30