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 _______.