Practice Accounts Questions and Answers

• Which of the following is most associated with managerial accounting?
• Under written down value method of Depreciation, the WDV of the asset is always:
• The two basic measures of liquidity are?
•  If the inventory turnover is divided by 365, it becomes a measure of
• Money received against share warrant is shown under which head?
• A person or their relative or partner who is indebted to the company for an amount exceeding what threshold is disqualified for the appointment of an audit...
• __________ refers to the attitude that includes a questioning mind and a critical assessment of audit evidence.
• What types of products and services can be procured through GeM?
• Can micro and small enterprises (MSEs) benefit from GeM?
• If MOS = 50000 units and BE units are 35000, then what are the Budgeted Sales units?
• If the MOS = 40000 units and BE units are 35000 and PV ratio is 60%. Calculate profit if revenue per unit is 8.
• Interest payable by a non-corporate assessee for deferment of advance tax is
• Which of the following assessee is not liable to pay advance tax u/s 207?
• What duties are taxes on intra-State supplies?
• Which of the below import duties would be imposed?
• The GST on used car sales is ____ as per the 55th GST council meeting decisions taken in December 2024.
• _______ refers to the information collected by an auditor to ascertain the accuracy and compliance of a company's financial statements.
• If the MOS = 40000 units and BE units are 35000 and PV ratio is 60%. Calculate profit if revenue per unit is 8.
• Interest payable by a non-corporate assessed for deferment of advance tax is
• Which of the following assessee is not liable to pay advance tax u/s 207?
• What duties are taxes on intra-State supplies?
• Which of the below import duties would be imposed?
• Interest payable u/s 234C is computed at
• From the following information calculate the amount of sales to earn a desired profit of Rs.6,000 Fixed Cost: 12,000 Selling Price: 12 per unit Variable co...
• U/s 208, it is obligatory for an assessee to pay advance tax where the tax payable is
•   ___________ may fix remuneration of the first auditor appointed by the Board as per section 142 of the Companies Act
• Calculate the Current ratio based on above information?
• Calculate the Quick ratio based on above information?
• Calculate Cash ratio of the company?
• Calculate the Proprietary Ratio of the company?
• Calculate net working capital?
• Calculate the Debt Equity ratio of the company?
• Calculate debt to total assets ratio of the company?
• Calculate Capital Gearing Ratio of the company?
• Calculate Total asset turnover ratio of the company?
• Calculate the Inventory turnover ratio of the company?
• Calculate the receivables turnover ratio of the company?
• Receivables Velocity/average collection period of the company?
•   ICDS II deals with which of the following aspect?
• Which of the following section deals with deduction in respect of Interest on deposits in savings/FD account in case of resident senior citizens?