31. The sub-division of shares does not result in . . . . . . . . of capital.
32. The accounts that are related with income expenditure, profit and loss are called
33. Match List-I with List-II (subject) and select the correct answer:
List-I
List-II
a. Preliminary expenses
1. Revenue expenditure
b. Interest on loan for business
2. Revenue receipts
c. Life subscription
3. Deferred revenue expenditure
d. Interest on bank deposits
4. Capital Receipts
List-I | List-II |
a. Preliminary expenses | 1. Revenue expenditure |
b. Interest on loan for business | 2. Revenue receipts |
c. Life subscription | 3. Deferred revenue expenditure |
d. Interest on bank deposits | 4. Capital Receipts |
34. In case of dissolution of the partnership, if a partner's capital account shows a debit balance and he subsequently turns out to be insolvent, what will be the accounting treatment? (Consider the case laws)
35. Which of the following term is used to describe the process of writing down the long term investments in intangible assets:
36. A company may issue, at a discount share in the company of a class already issued if:
37. Capital intensive industries cause:
38. Share premium money can be used for
39. Within how many days minimum subscription should be received?
40. Secret reserves may be created by
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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
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- Accounting - Section 9
- Accounting - Section 10
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- Accounting - Section 12
- 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
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- Accounting - Section 24
- Accounting - Section 25