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Section 2
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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. . . . . . . . . debentures are secured by a charge on the assets of the company.
82. Cash sales are recorded in:
83. Purchase of Typewriter would result in . . . . . . . . of fund.
84. Match List-I with List-II and select the correct answer using the options given below the lists:
List-I
List-II
a. Heavy amount of premium on redemption of preference shares
1. Capital expenditure
b. Excess of sale proceeds fixed assets over their original cost
2. Deferred revenue expenditure
c. Cost of installation of an old machine
3. Capital gain
d. Freight paid on purchase of raw material
4. Revenue of expenditure
| List-I | List-II |
| a. Heavy amount of premium on redemption of preference shares | 1. Capital expenditure |
| b. Excess of sale proceeds fixed assets over their original cost | 2. Deferred revenue expenditure |
| c. Cost of installation of an old machine | 3. Capital gain |
| d. Freight paid on purchase of raw material | 4. Revenue of expenditure |
85. Which item is shown on the debit side of a trial balance?
86. The method of current account usually employed by the banker is known as . . . . . . . .
87. Loss on issue or discount on issue of debenture is a . . . . . . . . asset.
88. The following information is provided by a cultural club:
Stock of sports goods : Rs. 20,000
Purchase of sports goods during the accounting period : Rs. 80,000
Sports goods sold as scrap : Rs. 500
Closing balance : Rs. 30,000
The amount to be charged to Income and Expenditure Accounts as sports goods consumed will be:
Stock of sports goods : Rs. 20,000
Purchase of sports goods during the accounting period : Rs. 80,000
Sports goods sold as scrap : Rs. 500
Closing balance : Rs. 30,000
The amount to be charged to Income and Expenditure Accounts as sports goods consumed will be:
89. An invoice of Rs. 560 is entered in the sales book as Rs. 650. The total of the debit side of the trial balance is Rs. 21,440. Assuming no other error what is the total of the credit side of the trial balance?
90. Revenue is considered as being earned when:
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