81. Balance sheet shows financial position on a particular . . . . . . . . ?
82. Sales book is a record of:
83. Consider the following statements:
Assertion (A): Balance Sheet shows realisable value of business on a particular date.
Reason (R): Accounting provides all information needed by a businessman.
Now select your answer:
Assertion (A): Balance Sheet shows realisable value of business on a particular date.
Reason (R): Accounting provides all information needed by a businessman.
Now select your answer:
84. When a partner draws a fixed sum at the beginning of each month, interest on total drawings will be equal to interest of . . . . . . . . at an agreed rate
85. When purchase account is credited?
86. Match the following.
List-I
List-II
a. Expenses of scheme
1. Not transferable to capital reduction
b. Statutory reserve
2. Indicate and reduced
c. Balance sheet after reduction
3. Transfer difference to capital reserve
d. Reduction in paid-up value of shares
4. Debit capital reduction account
List-I | List-II |
a. Expenses of scheme | 1. Not transferable to capital reduction |
b. Statutory reserve | 2. Indicate and reduced |
c. Balance sheet after reduction | 3. Transfer difference to capital reserve |
d. Reduction in paid-up value of shares | 4. Debit capital reduction account |
87. Share allotment account is when share allotment becomes due
88. Double entry system was started in-
89. A, B and C are partners in a firm sharing profits in the ratio $$\frac{2}{5}:\,\frac{2}{5}:\,\frac{1}{5}.$$ C retires from the firm and his share is bought by A and B in equal ratio. New profit sharing ratio will be.
90. Subsequent expenditures that extend the useful life, improve the quality of output, or reduce operating costs of an existing asset beyond their originally estimated levels are
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 15
- 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