11. Which of the following is not included into the final accounts?
12. The value of goodwill of the business willbe the highest if the majority of the customers of the firm are of the nature of
13. Intrinsic value of a share is given by
14. Assertion (A) Personal transactions of the owners of the business are not recorded in the books.
Reason (R) According to the business entity concept, each business enterprise is considered as an accounting unit separate from owners.
Reason (R) According to the business entity concept, each business enterprise is considered as an accounting unit separate from owners.
15. Given below are two statements, one labelled as Assertion (A) and the other as Reason (R):
Assertion (A): Capital expenditure is incurred for the purpose of acquiring fixed assets.
Reason (R): Capital expenditure item is shown in the asset side of the Balance sheet.
Select the correct answer:
Assertion (A): Capital expenditure is incurred for the purpose of acquiring fixed assets.
Reason (R): Capital expenditure item is shown in the asset side of the Balance sheet.
Select the correct answer:
16. On increase in sales price
17. If vendors are issued debentures of Rs. 1,00,000 in consideration of net assets of Rs. 1,20,000, the balance of Rs. 20,000 will be credited to:
18. Match List-I with List-II and select the correct answer:
List-I
List-II
a. Financial Leverage
1. Efficiency
b. Quick Ratio
2. Profitability
c. Stock Turnover
3. Risk
d. Margin on sales
4. Liquidity
List-I | List-II |
a. Financial Leverage | 1. Efficiency |
b. Quick Ratio | 2. Profitability |
c. Stock Turnover | 3. Risk |
d. Margin on sales | 4. Liquidity |
19. A company can not redeem its debentures by:
20. Recoupable short working are shown in the Balance Sheet as
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 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