21. Money received in advance from shareholders before it is called-up by the directors is:
22. In the case of hire purchase assets account is debited with
23. A plant was purchased on 1st January 1999. It was depreciated at the rate of 12% P.A. by diminishing balance method. It was sold on 31st March 2001 when its depreciated value was Rs. 1,50,234. What was its value on 1st January 1999.
24. The objective of social accountings is to find out
25. A and B are partners sharing profits/losses in the ratio of 3 : 2. C is admitted as a partner. The new profit sharing ratio among A, B and C is 4 : 3 : 2. Find out sacrificing ratio-
26. The dividend pay out ratio can be determined by dividing dividend per share by
27. What is the amount of purchases, when:
Opening stock is = Rs. 10,000
Closing stock is = Rs. 8,000
Sales is = Rs. 1,10,000
Cost of goods sold is = Rs. 80,000
Opening stock is = Rs. 10,000
Closing stock is = Rs. 8,000
Sales is = Rs. 1,10,000
Cost of goods sold is = Rs. 80,000
28. Classification of fixed and variable costs is important
29. The convertible preference shares are converted into:
30. If the average collection period is 15 days and average book receivables is Rs. 60,000 then what will be the total annual credit sales?
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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 21
- Accounting - Section 22
- Accounting - Section 24
- Accounting - Section 25