81. Which of the following items is not taken in profit and loss appropriation account?
82. If the current ratio of a company is 2 : 1, which of the following transactions would improve the ratio?
83. An expenditure is capital expenditure because
84. Which of the following acid test ratio can be said to be satisfactory:
85. Match List-I with List-II and choose the correct option:
List-I
List-II
a. Surrender Value
1. Stock
b. Share holder becoming insane
2. Insurance policy
c. Share warrant
3. Transfer of shares
d. Fully-paid shares
4. Negotiable Document
List-I | List-II |
a. Surrender Value | 1. Stock |
b. Share holder becoming insane | 2. Insurance policy |
c. Share warrant | 3. Transfer of shares |
d. Fully-paid shares | 4. Negotiable Document |
86. Proposed dividend' is shown under which head in company's balance sheet?
87. Paid-up current ratio = 2.8
Acid test ratio = 1.5
Working capital = Rs. 1,62,000
What will be liquid asset?
Acid test ratio = 1.5
Working capital = Rs. 1,62,000
What will be liquid asset?
88. Under which of the following method of depreciation the amount of asset is never reduced to zero?
89. Contingent liability' is a liability
90. A machine was bought on 1st January, 1994 for Rs. 10,000. Its working life was estimated to be four years. The method of depreciation used is the 'sum of the year digit'. The machine was discarded and sold on 30th June, 1996 for Rs. 1,000. The profit/loss on sale of the discarded machine was:
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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 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