21. Which of the following formula is correct to calculate provision on debtors to be transferred to Profit and Loss Account?
22. Profit on re-issue of forfeited share is transferred to which account?
23. Debentures can be redeemed by:
24. Distribution of income by way of public expenditure is
25. If the cost of goods sold is Rs. 1 lakh, the value of opening and closing is Rs. 20,000 and Rs. 30,000 respectively, the stock turnover ratio will be:
26. In absence of an agreement, loss arising out of a partner becoming insolvent shall be borne by solvent partner in
27. An act of giving up the title to the shares by an allottee, in favour of his nominees either in full or in part is known as:
28. If rate of profit is 25% of cost, then it is
29. As per section 205 (2A) a company is obliged to transfer at least what amount in reserve, if the rate of dividend is more than 20% of the paid up capital?
or
If the proposed dividend is 20% the percentage of profits to be transferred to reserve is:
or
If the proposed dividend is 20% the percentage of profits to be transferred to reserve is:
30. Preference shares can be redeemed
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 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 23
- Accounting - Section 24
- Accounting - Section 25