31. Financial activities in a cash flow statement as per AS-7 do not include
32. Which one of the following is a revenue expenditure
33. Operating Leverage and Financial Leverage of a firm are 3 and 2, respectively. If sales increase by 6%, then earnings before tax will rise by:
34. Which one of the following is not correct?
35. Machine Hour Rate method of charging depreciation is useful when:
36. Over capitalization is . . . . . . . . than undercapitalization.
37. Which one of the following methods of Inflation Accounting has been proposed by Sandilands Committee of UK?
38. Given,
2014
2015
Current Assets
Rs. 5,00,000
Rs. 3,20,000
Current Liabilities
Rs. 3,60,000
Rs. 4,00,000
The decrease in working capital will be:
2014 | 2015 | |
Current Assets | Rs. 5,00,000 | Rs. 3,20,000 |
Current Liabilities | Rs. 3,60,000 | Rs. 4,00,000 |
39. Allahabad company limited forfeited 50 shares of Rs. 10 each. Rs. 6 per share were paid on then. Out of these 10 shares were re-issued at Rs. 6.50 Per share fully paid up. Amount transferred to capital reserve will be
40. Given below are two statement, one labelled as Assertion (A) and the other as Reason (R)
Assertion (A): In accounting, a distinction is made between the business and the owner.
Reason (R): Accounting concepts are based on self-consciousness and not on subjectivity.
Select the correct answer
Assertion (A): In accounting, a distinction is made between the business and the owner.
Reason (R): Accounting concepts are based on self-consciousness and not on subjectivity.
Select the correct answer
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 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