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
81. If a cheque sent for collection is dishonoured, the debit is given to:
82. Which of the following pairs are correctly matched?
I. Business entity - Accounting standard
II. Stock valuation - Consistency
III. Capital - Drawings
IV. Going concern - Assumption
Select the correct answer using the options given below-
I. Business entity - Accounting standard
II. Stock valuation - Consistency
III. Capital - Drawings
IV. Going concern - Assumption
Select the correct answer using the options given below-
83. The discount column of a triple column cash book records . . . . . . . .
84. Specific donations received by a non-trading concern are usually . . . . . . . .
85. The following information pertains to a cultural club:
Stock of tinned provisions (as on 1st April 1994) : Rs. 25,000
Purchased during the year : Rs. 1,50,000
Stock of tinned provisions (as on 31st March 1995) : Rs. 50,000
Sale of tinned provisions during the year : Rs. 1,50,000
The amounts to be debited and credited respectively to the Income and Expenditure account would be:
Stock of tinned provisions (as on 1st April 1994) : Rs. 25,000
Purchased during the year : Rs. 1,50,000
Stock of tinned provisions (as on 31st March 1995) : Rs. 50,000
Sale of tinned provisions during the year : Rs. 1,50,000
The amounts to be debited and credited respectively to the Income and Expenditure account would be:
86. Stock is valued at . . . . . . . .
87. A scheduled bank is required to maintain with RBI . . . . . . . . at a prescribed percentage of their total time and demand deposit.
88. Revenue expenditure is intended to benefit . . . . . . . .
89. Which of the following statements best explains the relationship between journal and ledger?
90. Match List-I with List-II and select the correct answer using the options given below the Lists:
List-I
List-II
a. Partner's current accounts
1. Dissolution of partnership
b. Goodwill account
2. Admission of a partner
c. Partner’s drawings account
3. Fixed capital of partners
d. Realisation account
4. Goods taken by a partner for self-consumption
| List-I | List-II |
| a. Partner's current accounts | 1. Dissolution of partnership |
| b. Goodwill account | 2. Admission of a partner |
| c. Partner’s drawings account | 3. Fixed capital of partners |
| d. Realisation account | 4. Goods taken by a partner for self-consumption |
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