71. The transfer by a company of one or more of its business divisions to another newly set-up company is called
72. Margin of safety means
73. Which of the following is not correctly matched? In the term of Activity and Flow of Fund.
74. Which of the following are correct regarding rights of partners?
1. A partner has the right to allow the admission of a new partner.
2. Every partner has a right to take part in the management of business.
3. Every partner has a joint ownership of partnership property.
4. Every partner has a right to share the profit not the losses with other partners.
5. Every partner has a right to inspect the books of account and have a copy of the same.
6. In case of emergency, a partner has a right to act as a man of prudence.
Select the correct answer:
1. A partner has the right to allow the admission of a new partner.
2. Every partner has a right to take part in the management of business.
3. Every partner has a joint ownership of partnership property.
4. Every partner has a right to share the profit not the losses with other partners.
5. Every partner has a right to inspect the books of account and have a copy of the same.
6. In case of emergency, a partner has a right to act as a man of prudence.
Select the correct answer:
75. The partnership may come to an end due to the
76. Making the provision for bad and doubtful debts in anticipation of actual bad debts is on the basis of:
77. Which of the following are methods of calculating goodwill?
1. Average profit method
2. Super profit method
3. Log method
4. Sum of years digit method
5. Capitalisation of average profit method
6. Capitalisation of super profit method
7. FIFO method
Select the correct answer:
1. Average profit method
2. Super profit method
3. Log method
4. Sum of years digit method
5. Capitalisation of average profit method
6. Capitalisation of super profit method
7. FIFO method
Select the correct answer:
78. The funds available with a company after paying all claims including tax and dividend is called
79. Match the items of a company given in List-A with the classification given in List-B and check your answer:
List-A
List-B
a. Preliminary Expenses
1. Miscellanneous Expenditure
b. Unclaimed Dividend
2. Loans and Advances
c. Bills receivable
3. Current liability
d. Live Stock
4. Fixed assets
| List-A | List-B |
| a. Preliminary Expenses | 1. Miscellanneous Expenditure |
| b. Unclaimed Dividend | 2. Loans and Advances |
| c. Bills receivable | 3. Current liability |
| d. Live Stock | 4. Fixed assets |
80. The raw material should be valued at:
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 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