Practice Accounts Questions and Answers

• 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?
• 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
• What is a reverse auction?
• What is the role of GeM in promoting the "Make in India" initiative?
• As per recently published data of PIB related to 31st March 2023, How much Gross Merchandise Value (GMV) GeM has recorded in FY 2022-23?
• Which Ind AS deals with Revenue from Contracts with Customers?
• Which ICDS deals with Accounting Policies?
• Read the following information to answer the below questions: Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inventori...
• Read the following information to answer the below questions: Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inventori...
• Read the following information to answer the below questions: Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Invent...
• Read the following information to answer the below questions:  Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inve...
• Read the following information to answer the below questions:  Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening I...
• Read the following information to answer the below questions:  Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inve...
• Read the following information to answer the below questions: Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Invent...
• Read the following information to answer the below questions: Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Invent...
• Read the following information to answer the below questions: Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Invent...
• Read the following information to answer the below questions:  Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inve...
• Read the following information to answer the below questions:  Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inve...
• Read the following information to answer the below questions:  Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inve...
• GSTN is a?
• What is the taxable event under GST?
• A supply comprising of two or more supplies shall be treated as the supply of that particular supply that attracts the highest rate of tax.
• While calculating the claim outstanding at the end, which claims are considered?
• With respect to Insurance Accounting, what is the appropriate adjustment entry based on the provided information? A) Claims intimated and accepted but not ...
• What does the term "Surrender Value" signify in the context of insurance policies?
• Life Insurance Contact is a contact of: