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
71. After the redemption of debentures, any credit balance in the Sinking Fund a/c is transferred to . . . . . . . . a/c.
72. According to records of a firm which not keep its accounts on double entry systems, all sales were made on credit so as to realise a profit of $$33\frac{1}{3}\% $$ on sales proceeds. The stock of unsold goods at the beginning and at the end of the trading period were valued at Rs. 21,000 and Rs. 18,000 respectively. Goods worth Rs. 1,39,500 were purchased for resale during the period.
The proprietor withdraw goods worth Rs. 1,500 during accounting period for personal use. What were the total sales during the period?
The proprietor withdraw goods worth Rs. 1,500 during accounting period for personal use. What were the total sales during the period?
73. Liquidation expenses paid by the transferee company is debited to . . . . . . . .
74. A bill drawn and accepted for providing funds to a friend in need is known as:
75. At the time of the renewal of a bill, interest account is . . . . . . . . in the books of the drawee.
76. Which of the following is an equation?
77. . . . . . . . . is allowed to encourage early cash payment.
78. On standard asset a minimum provision of . . . . . . . . is required.
79. Bank reconciliation statement is prepared by the:
80. Which of the following reserves cannot be distributed as dividend to share holders?
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