71. For amalgamation in the nature of merger, the shareholders holding atleast . . . . . . . . or more of the equity shares of the transferor company becomes the equity shareholders of transferee company.
72. Which of the following factor is not considered while selecting accounting policies?
73. X Ltd, has current ratio of 2 : 1 and Quick ratio of 1.5 : 1. If its current liabilities are Rs. 60,000, then the value of stock would be:
74. The need for showing contingent liability in the balance sheet arises out of the convention of:
75. As per Partnership Act, which of these rights are available to a partner?
76. Unrealized dividend is shown under which of the following head in company balance sheet?
77. The 'going concern concept' is the underlying basis for
78. Liability of a member in case of a private company can be
79. Match the following:
List-I
List-II
a. Measurement of income
1. Accrues to the equility of curves
b. Recognition of expense
2. Recognition of revenue
c. Basis of realisation
3. Matching revenue with expenses
d. Identification of revenue
4. Accounting period
List-I | List-II |
a. Measurement of income | 1. Accrues to the equility of curves |
b. Recognition of expense | 2. Recognition of revenue |
c. Basis of realisation | 3. Matching revenue with expenses |
d. Identification of revenue | 4. Accounting period |
80. If net loss is Rs. 5,000, General expenses are Rs. 14,500, Sales amount to Rs. 25,000, the Gross Profit will be:
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 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