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Practice Accounts Questions and Answers

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?
According to the Standards of Auditing, the "Documentation" aspect is dealt with:
Deduction in respect of royalty income of authors under Chapter VI is allowed under Section:
NPV assumes reinvestment of the cash flows at:
An annuity that starts at a predetermined date in the future is called as:
What is the term used to describe the rate of return earned by an investor who purchases a bond and holds it until it matures?
An assessee is required to deposit how much % of advance tax liability on or before 15th June?
As per taxation terminology, Income of a particular year is taxable in the immediately following year. Immediate following year is called as …………�...
If the company earned revenue from operations of Rs.18 lakh, what is the working capital turnover ratio of the company?
If the company earned revenue from operations of Rs.18 lakh, what is the trade receivables turnover ratio of the company?
A company has average account receivables of Rs 120000 and annual credit sales of Rs 600000, Calculate the average collection period (assume number of days...
Which of the following is not a tool of financial statement analysis?
Under which method of depreciation, the value of a fixed asset is reduced uniformly over its useful life?
The cost of capital for a firm _______.
Calls in arrear is shown in Balance Sheet as?
The DuPont Analysis uses the following ratios except:
Where to show Share application money received in excess of issued share capital?
As per Schedule III of the Companies Act, 2013, the current maturities of long term debt have to be shown under which of the following heading?
Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed cost is 100000, what is the Margin of safety in Qty if the budgeted units are 1,00,00...
Which section deals with TDS on cash withdrawals?
In India, the GST is based on the dual model GST adopted in:
The return forgone for the undertaking an investment is known as?
What is the appropriate method for calculating the cost of inventory when there are significant fluctuations in purchase prices?
The capital asset pricing model (CAPM) suggest that, the cost of equity is a trade-off between :
While calculating the claim outstanding at the end, which claims are considered?
What is the Surrender Value of an insurance policy?
Which Section of the Insurance Act defines ‘General Insurance Business’?
What does Miscellaneous Insurance encompass?
Which act primarily governs the field of general insurance in India?
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 Varia...
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?

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