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. If a partner takes leaves from the firm then his share of goodwill is debited to remaining partners capital account in . . . . . . . . ratio?
52. After redemption of debentures, the balance of Sinking Fund Account is transferred to
53. Assessment year starts from:
54. A company incorporated on 1st April 2001 took over a running business from 1st January, 2001 and prpared its final accounts on 31st December, 2001. Its grows profit was Rs. 24,000 and sales were as under:
January - Twice the average sale
February - Equal to average sale
May to August - $${\frac{1}{4}^{{\text{th}}}}$$ of average sale, each month
October and November - 3 times the average sale each month
What is the Gross Profit prior to incorporation:
January - Twice the average sale
February - Equal to average sale
May to August - $${\frac{1}{4}^{{\text{th}}}}$$ of average sale, each month
October and November - 3 times the average sale each month
What is the Gross Profit prior to incorporation:
55. Match the following:
List-I
List-II
a. A new partner can be admitted with the consent of . . . . . . . . existing partners.
1. current
b. Increase in liability at the time of retirement is debited to . . . . . . . . account.
2. all
c. Buying and selling is . . . . . . . . power of partners.
3. revaluation
d. The . . . . . . . . account of partner may have a debit or credit balance.
4. implied
| List-I | List-II |
| a. A new partner can be admitted with the consent of . . . . . . . . existing partners. | 1. current |
| b. Increase in liability at the time of retirement is debited to . . . . . . . . account. | 2. all |
| c. Buying and selling is . . . . . . . . power of partners. | 3. revaluation |
| d. The . . . . . . . . account of partner may have a debit or credit balance. | 4. implied |
56. Which of the following is the base for preparing trial balance?
57. If a person starts business with Rs. 50,000 cash, goods worth Rs. 50,000 and fixed assets worth Rs. 1,00,000 then his capital would be:
58. Discount allowed on reissue of forfeited shares is debited to
59. Income is measured on the basis of
60. Which of the following techniques for appraisal of investment proposals are based on time value of money?
1. Accounting Rate of Return
2. Internal Rate of Return
3. Profitability Index Method
4. Earnings Per Share
1. Accounting Rate of Return
2. Internal Rate of Return
3. Profitability Index Method
4. Earnings Per Share
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 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
- Accounting - Section 30