Practice Accounts Questions and Answers

• 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:
• An arrangement between two insurance companies whereby one transfer is a part of risk to other company is called?
• Which of the following is true?
• Goods costing ₹ 1,00,000 were insured for ₹ 50,000. Out of these goods, ¾ are destroyed by fire. The amount of claim with average clause will be:...
• If the policy is without average clause, a claim for loss of profit will be?
• What is the safety margin that insurers must maintain to safeguard the interests of policyholders called?
• 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?
• The Audit undertaken to check the implications of the top management decisions, having a financial bearing is otherwise known as:
• 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?