Practice Accounts Questions and Answers

• 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?
•   A type of market in which securities with less than one year maturity are traded, is classified as
• How much percentage of salary is allowed for exemption in House rent allowance Section 10(13A) in case of metro city?
• What is the amount which is allowed as standard deduction under section 16 from Gross salary while computing the Income under head salary?
• How much amount of exemption is allowed for gratuity if received at the time of retirement?
• Financial Instruments such as Call Money, commercial paper, Bills of exchange, T-Bills, are traded in which of the following market?
• Donation given by any person except by Indian company to Political Parties or Electoral Trust is allowed under which section?
• Which of the following is the correct full form of REIT?
• When a bank chooses the wrong strategy or follow a long-term business strategy which might lead to its failure, it is called
• Which term refers to the specific rate of interest carried by a bond?
• A type of market where debt and stocks are traded and maturity period is more than a year is known as
•    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
• 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?
• A type of market in which securities with less than one year maturity are traded, is classified as
• How much percentage of salary is allowed for exemption in House rent allowance Section 10(13A) in case of metro city?
• What is the amount which is allowed as standard deduction under section 16 from Gross salary while computing the Income under head salary?
• How much amount of exemption is allowed for gratuity if received at the time of retirement?