21. The dividend per share in a company is Rs. 2, earning per share is Rs. 5 and the market value of shares is Rs. 25. What will be the yield?
22. X Ltd allotted 25,000 equity shares to the applicants of 36,000 shares for Rs. 10 each on pro-rata basis. A applied for 1800 equity shares. Shares allotted to him are . . . . . . . . and he had paid an application money of Rs. 5 per share . . . . . . . . is the excess amount received that can be utilised towards allotment money.
23. Payment to creditors results in-
24. Which of the following is correct if there is mutual indebtedness between the transferor company and the transferee company in a business combination?
25. A piece of land was given to a firm free of cost six months back. Its fair value then was Rs. 12 lakhs and now it is worth Rs. 14 Lakhs. Under the conventional accounting system it will be reported in the Balance Sheet as on today at:
26. The current ratio of a firm is 5 : 3. Its working capital is Rs. 20,000. The value of its current assets will be:
27. Unpaid calls is shown in the balance sheet of the company?
28. If increase in retained earning = Rs. 6,00,000
Preliminary expense = Rs. 10,000
Provision for taxation = Rs. 60,000
Transfer to General reserve = Rs. 10,000
Net profit before taxation = ??
Preliminary expense = Rs. 10,000
Provision for taxation = Rs. 60,000
Transfer to General reserve = Rs. 10,000
Net profit before taxation = ??
29. A, B, and C are partners in a firm sharing profit and loss in the ratio of 4 : 3 : 2. They agreed to take D into partnership and gave him $$\frac{1}{8}$$ share. What will be the new profit-sharing ratio?
30. In absence of an agreement. Partner is entitle to receive
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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 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