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Practice Accounts Questions and Answers

___________ is a capital budgeting technique which does not require the computation of the cost of capital for decision making purposes.
When two or more companies come together to expand their business operations in a newly created entity, it is called _________.
Which of the following is NOT a best practice under Green Computing?
Which instance of SaaS allows users to explore functionality of web services such as Google Maps, Payroll Processing and Credit Card Processing Services et...
From 1st April 2010, non-furnishing of PAN to the deductors results in TDS at much higher rate of ________ or even more.
Which license option has to be selected in case of shifting tally license from one computer to another?
An interface that communicates with other tiers in a three-tier architecture structure is known as ________.
Company A sold machinery having a WDV of ₹ 40 lakh to Company B for ₹ 50 lakh (FV ₹ 50 lakh) and the same machinery was leased back by Company B To C...
The level at which a fresh order should be placed for the replenishment of the stock is known as ______.
An interface that allows user to store data in a two-tier architecture is known as _______.
Offences Committed under the Negotiable Instruments Act can be ________.
Any long-term capital loss can be carried forward to the next following eight assessment years and can be set off only against _______ in those years.
The LN function in Ms Excel 2010 returns the ________.
In which option does the macros feature in MS PowerPoint 2010 exist?
For calculation of House Rent Allowance under Section 10(13A), the salary is to be considered the following, EXCEPT:
As an auditor you came across a situation where related party transactions have taken place. Which AS deals with it?
The delivery of goods by one person to another as a security for the payment of a debt is called__________.
Under which menu heading does a balance sheet fall in Tally ERP 9?
Annual Return is to be filed by every company within ________ days of its Annual general meeting.
For an assessee required to file transfer pricing report under Section 92 E, the due date is _________ of relevant assessment year.
________ is the largest US electronic stock market in terms of shares traded and is the home to leading companies across all industry sectors such as Micro...
Nitin acquired a machine in exchange of an old machine and paid ₹ 20,000 in cash. The carrying amount of the old machine was ₹ 2,00,000 whereas its fai...
From the following particulars furnished by Mr X residing in Delhi, find the taxable amount of HRA. Basic Salary (per annum) is ₹ 3,00,000, House Rent Al...
When will a person, who opted Composition Levy, have to pay tax in GST?
In GST, the credit of tax paid on the input service used by more than one supplier:
Following data has been extracted from the records of BCG Ltd. Machine hours: 8,00,000 (Maximum), 3,00,000 (Minimum). Manufacturing Overheads (₹ in lakh)...
Commuted pension, exempt for other than government employees (who do not receive gratuity), is under section _______.
Shyam Ltd. acquired a new machinery for ₹ 1,00,000 that is depreciable at 20% as per AS 6 WDV method. The machine has an expected life of 5 years with sa...
SSL stands for:
Capital budgeting is done for _________.
The _________ generation used integrated circuits.
Calculate EOQ from the data given below and select the correct answer from the options given below: ...
What is the full form of ISDN:
Which strategic response approach to the environment, does the following statement relates to? They seek to monitor the changes in that environment, analys...
FIPB stands for:
Provisions of Section 64(1A) will not be applicable to any income of a minor child suffering from any disability specified under ________. In other words, ...
_________ is NOT a part of Monte Carlo Simulation.
To go to the journal vouchers present in gateway of tally > accounting vouchers through function key in Tally, ERP 9 press:
While computing exemption in respect of gratuity received by a non-Government employee covered by the Payment of Gratuity Act, one of the items to be consi...
In ABC analysis, A, B and C stand for:

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