Accountancy
Description: Accounting for UGC Depreciation Financial AccountingBranch AccountingPartnership - Definition, Prevision Relating to Appropriation of Profits, Admission & Retirement of a PartnerSharesCompany AccountsInsurance Companies Accounts | |
Number of Questions: 25 | |
Created by: Girish Devgan | |
Tags: Accounting for UGC Depreciation Financial Accounting Branch Accounting Partnership - Definition, Prevision Relating to Appropriation of Profits, Admission & Retirement of a Partner Shares Company Accounts Insurance Companies Accounts |
Directions: Choose the correct option for the given question.
Which of the following depreciation methods doesn't bring the value of asset to zero?
Directions: Choose the correct option for the given question.
Which of the following methods for providing depreciation is not a calendar year method?
Directions: Choose the correct option for the given question.
Which account will be debited, when materials are purchased under joint venture?
Directions: Choose the correct option for the given question.
Which account will be credited in the books of consignor, when expenditure incurred to the consignee in connection with the consignment?
Directions: Choose the correct option for the given question.
A branch account is a personal account under which of the following methods?
Directions: Choose the correct option for the given question.
Under which of the following methods, branch account is not necessary for calculating branch profit?
Directions: Choose the correct option for the given question.
A and B are partners, sharing profits and losses in the ratio of 2:1. They decided to change their profit sharing ratio to 3:1. What is the loss of B?
Directions: Choose the correct option for the given question.
In which of the following processes 'revaluation account' is not prepared?
Directions: Choose the correct option for the given question.
Unrecorded assets are mentioned in .............. account/ statement.
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For what purposes, share premium account can be used?
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�Maximum method' is used for
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Which method, for providing depreciation, is suitable for live stocks?
Directions: Choose the correct option for the given question.
Which of the following sources is not used for redemption of preference shares?
Directions: Choose the correct option for the given question.
Which of the following methods is not used for calculating purchase consideration?
Directions: Choose the correct option for the given question.
'Goodwill' will be shown in the balance sheet of a company under
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'Unclaimed dividend' is positioned in the balance sheet of a company under
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In which of the following purposes 'Capital Redemption Reserve Account' is used?
Directions: Choose the correct option for the given question.
Balance of share forfeiture account becomes
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---------- is termed as 'Technical account' while preparing the final account of an insurance company.
Directions: Choose the correct option for the given question.
Which of the following schedules will not be considered for total while preparing the balance sheet of a banking company?
Directions: Choose the correct option for the given question.
Debts overdue for a period of exceeding 18 months should be treated as
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Which of the following schedules will be written in revenue account of an insurance company?
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When sinking fund exists, interest on own debenture will be transferred to
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Which of the following heads of balance sheet of a company will be affected, when bonus issue was declared?
(i) Share Capital (ii) Reserve and Surplus (iii) Current Liabilities and Provision
Directions: Choose the correct option for the given question.
At the time of amalgamation 'capital reserve or goodwill' account is opened in the books of --------- Co.