91. If sales are Rs. 18,000 gross profit Rs. 5,000 net loss Rs. 1,000, then the amount of operating expenses will be
92. Stock turnover ratio refers to the ratio of the average amount of stock available in the museum with
93. The cash inflow per annum will be-
94. Only personal and real accounts are shown in:
95. Match the following:
List-I
List-II
a. Revaluation account is prepared at the time of
1. may or may not be surrendered at the time of retirement of a partner
b. Joint Life Policy
2. to settle the claim of the outgoing partner
c. Premium on Joint Life Policy taken up on the lives of all partners is paid by
3. admission of a partner
d. The objective of taking Joint Life Policy by a partnership firm is
4. partnership firm
List-I | List-II |
a. Revaluation account is prepared at the time of | 1. may or may not be surrendered at the time of retirement of a partner |
b. Joint Life Policy | 2. to settle the claim of the outgoing partner |
c. Premium on Joint Life Policy taken up on the lives of all partners is paid by | 3. admission of a partner |
d. The objective of taking Joint Life Policy by a partnership firm is | 4. partnership firm |
96. With the help of following information, find out the value of fixed assets-
Share capital = Rs. 7,20,000
Working capital = Rs. 2,52,000
Current Ratio = 2.5
Proprietary Ratio = 0.7
Share capital = Rs. 7,20,000
Working capital = Rs. 2,52,000
Current Ratio = 2.5
Proprietary Ratio = 0.7
97. Cash flow statement is not helpful in:
98. A, B and C who are partners had a credit balance of Rs. 5,000, Rs. 10,000 and Rs. 20,000 respectively in their capital accounts when the firm was dissolved and the assets disposed off piecemeal. If in the first instalment the realisation is Rs. 10,000 and the Garner Vs. Murray rule is applicable, the distribution among the partners will be:
99. The loss arising from the acquisition of business to its incorporation should be debited to:
100. According to Companies Act, 2013 shares can be issued by a company 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 14
- Accounting - Section 15
- Accounting - Section 16
- Accounting - Section 17
- Accounting - Section 18
- Accounting - Section 19
- Accounting - Section 20
- Accounting - Section 22
- Accounting - Section 23
- Accounting - Section 24
- Accounting - Section 25