91. A and B are partners sharing profit in the ratio of 2 : 3. They admit C for $${\frac{1}{4}^{{\text{th}}}}$$ share in the business. The sacrificing ratio of A and B is
92. The conversion of capital expenditure into revenue expenditure leads to which of the following result?
93. In which method of calculating depreciation, interest on the cost of the asset is taken into consideration:
94. In which of the following cases Garner vs Murray rule is not applicable?
95. As per AS-2 valuation of inventories, inventories are assets
1. held for sale in the ordinary course of business.
2. held for sale in the special course of business.
3. in the process of production for such sale.
4. in the form of materials or supplies to be consumed in the production processor or in the rendering of services.
5. in the process of services for such sale.
Select the correct answer:
1. held for sale in the ordinary course of business.
2. held for sale in the special course of business.
3. in the process of production for such sale.
4. in the form of materials or supplies to be consumed in the production processor or in the rendering of services.
5. in the process of services for such sale.
Select the correct answer:
96. Consider the following statements:
Assertion (A): Rights shares are given to equity shareholders in proportion to their share capital in the company.
Reason (R): Equity shareholders assume the greatest risk in company finance.
Now select your answer:
Assertion (A): Rights shares are given to equity shareholders in proportion to their share capital in the company.
Reason (R): Equity shareholders assume the greatest risk in company finance.
Now select your answer:
97. Which of the following is shown in Balance sheet?
98. X Ltd forfeited 40 shares of Rs. 10 each and on which Rs. 4 per share were paid. If the forfeited shares are reissued as Rs. 8 per share paid-up. What is the minimum price the company must charge?
99. Consider the particulars given below:
Sales = Rs. 60,000
Variable cost = Rs. 25,000
Fixed cost = Rs. 30,000
Based on these data, the operating leverage shall be:
Sales = Rs. 60,000
Variable cost = Rs. 25,000
Fixed cost = Rs. 30,000
Based on these data, the operating leverage shall be:
100. Under pooling interest method, the difference between the purchase consideration and share capital of the transferee company should be adjusted to
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Each Section contains maximum 100 MCQs question on Accounting. To get more questions visit other sections.
- Accounting - Section 1
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- Accounting - Section 14
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- Accounting - Section 21
- Accounting - Section 22
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- Accounting - Section 24
- Accounting - Section 25