Accounting MCQ Questions and Solutions with Explanations | Commerce

A. Redemption of redeemable preference shares

B. Redemption of redeemable debentures

C. Re-organisation of share capital

D. Issue of bonus shares

A. Net profit

B. Number of equity share

C. Market price per share

D. Divided per share

A. Net replacement cost

B. Market value

C. Cost or market price whichever is lower

D. Depreciated value

A. Materiality concept

B. Dual-aspect concept

C. Concept of full disclosure

D. Concept of uniformity

A. Rs. 15,000

B. Rs. 27,000

C. Rs. 25,000

D. Rs. 35,000

A. Credit balance in Profit & Loss A/c

B. Share Premium A/c

C. General Reserve A/c

D. All of the above A, B and C

A. paid to industrial workers only

B. always linked with productivity

C. a defered wage

D. Paid out of profits only

A. Criticism and Analysis

B. Comparison and Trend Study

C. Drawing Conclusions

D. All the above

A. Posting in wrong side

B. Wrong totaling of account

C. Compensating error

D. Ascertain wrong balance of account

A. Rs. 300

B. Rs. 60

C. Rs. 90

D. Rs. 30