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Practice Accounts Questions and Answers

Deduction in respect of royalty income of authors under Chapter VI is allowed under Section:
Accruals are recorded in the books of accounts through:
An individual who wants to be a resident of India U/S6(1) must stay in India for at least:
_________ is a method to sell securities to the existing shareholders of a company.
Which among the following is primarily not a Refinancing Financial Institution?
Digital signature, one of the important components of e-commerce is defined according to Section _________ of Information Technology Act, 2000.
In financial terms, ___________ enables the analysts to identify slow paying debtors. (Pick the most appropriate option in line with the spirit of the ques...
A portfolio consisting of two risky securities can be made risk-less i.e, σp = 0, if:
The point of tangency between efficient frontier and risk-return indifferences curve depicts:
Assets with a beta of 0.95 (in financial terminology) will be considered as:
Which one of the errors is disclosed by Trial Balance?
Expiration of cost of intangible assets is referred to as:
What is accounting standard-3 (revised) associated with?
Dearness allowance is taxable in case of:
Depreciation is applicable to:
Money market is a market for ___ (1) ___ funds having maturity of ___ (2) ___.
Other things remaining constant, money received tomorrow is ______ received today.
The class of preference share, where the arrears in the dividends are carried forward and paid out of the profits of the subsequent years are called as:
Consider the following journal entry: In what circumstances, such journal entry is passed?...
Generally, Internal Auditor is not appointed by:
Which of the following is not covered under Financial Services?
According to Payment of Bonus Act 1965, what is the minimum bonus in case of an adult payable?
CSR committee of a Board shall consists of ________.
In the case of Maruti-Suzuki, the Union Government surrendered partial ownership and sold the majority stake to Suzuki of Japan in the course of time. This...
DDT is ____________.
What is the rate of TDS to be deducted in payment or credit to a resident contractor/sub-contractor other than an individual or a Hindu Undivided Family?
Ashutosh is a horse dealer. Tausif approaches Ashutosh for a horse. Ashutosh lends a horse which he knows to be vicious, to Tausif. Ashutosh doesn't disclo...
Full Form of ISDA is __________.
___________ is the simultaneous purchase and sale of two identical commodities or instruments. This simultaneous sale and purchase is done in order to take...
What is the threshold limit for deduction of tax at source for the dividends subject to DDT under Section 115-0?
IRR would favour a project proposal which has _________.
Section ________ of the Negotiable Instrument Act determines the rule of compensation, payable by any party liable to the holder or any endorser in case of...
windows key + up ____________.
OPC (One person company) shall file a copy of the duly adopted financial statements to the Registrar in _________.
Insert Hyperlink dialog box appears by pressing _________.
__________ guides how to account for taxes on income.
Premature withdrawal from EPF comes under which section?
Uncalled liability on shares and other partly paid investments will be shown under _______ head according to schedule III of Companies Act 2013.
All the following state taxes have subsumed under the GST EXCEPT:
The certainty equivalent is _______.

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