61. Given,
Total Assets Turnover
4
Net Profit
10%
Total Assets
Rs. 50,000
Net profit will be
Total Assets Turnover | 4 |
Net Profit | 10% |
Total Assets | Rs. 50,000 |
Net profit will be
62. In the event of the death of a partner, the accumulated profit and losses are shared by the partners in their
63. All the following are benefits of Accounting Standards except
64. Which reflects changes in the working capital?
65. Which of the following account is credited when shares are issued at a premium?
66. A machine with a written down value of Rs. 10,000 has been sold for Rs. 13,000. The amount realized is a:
67. Which of the following account's balance will not be transferred to realisation account?
68. Which of the following items is a current liability:
69. Statement I The profit and loss account shows the financial results of the concernfor a period.
Statement II In profit and loss account, indirect expenses are charged against the gross profit.
Statement II In profit and loss account, indirect expenses are charged against the gross profit.
70. A transaction results in the flow of funds
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 16
- Accounting - Section 17
- Accounting - Section 18
- Accounting - Section 19
- Accounting - Section 21
- Accounting - Section 22
- Accounting - Section 23
- Accounting - Section 24
- Accounting - Section 25