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Practice Accounts Questions and Answers

What are the various conditions on the basis of which a retiring auditor may be re-appointed at an annual general meeting as per the Companies Act?
A person shall be eligible for appointment as an auditor of a company only if he is a _______________
What is the minimum number of directors which a One Person Company can have?
The Central Government shall with __________________from the receipt of the application allot a Director Identification Num...
A Private Company can raise funds in how many ways _____________________
As per section 408 of the Companies Act the National Company Law Tribunal shall consist of ________________
The Article of a company may be altered by _____________
A company registered under section 8 of the Companies Act shall not alter the provisions of its memorandum or articles except with the previous approval of...
The first Annual General Meeting of the company shall be held ______________
Goods costing ₹ 2,00,000 were insured for ₹ 150000. Out of these goods, 1/3 are destroyed by fire. The amount of claim with average clause will be:
According to the Executive Committee of the General Insurance Council, what is the minimum amount of unexpired risk reserve required for Marine Insurance?
What is the minimum amount of unexpired risk reserve mandated by the Executive Committee of the General Insurance Council for Other Insurance?
Which Ind AS deals with Revenue from Contracts with Customers?
Which ICDS deals with Accounting Policies?
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 highest rate of tax.
ICDS III deals with which of the following:
What is the amount which is allowed as standard deduction under section 16 from Gross salary while computing the Income under head salary?
What is the maximum amount of exemption that is allowed for gratuity if received at the time of retirementby an employee covered under Payment of Gratuity ...
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?
Who among the following can issue Certificate of Deposits to raise short term resources?
A type of market where debt and stocks are traded and maturity period is more than a year is known as
Ind AS 7 deals with which of the following:
The term ‘Previous year’ is defined under which section of Income Tax Act?
This kind of audit is conducted generally between two annual audit ______.
Before the work of audit is commenced, the auditor plans out the whole of audit work is called _________.
How much deduction under section 80TTA of Income Tax Act is allowed?
Who will notify the rate of tax to be levied under CGST Act?
Which of the following is not a type of buyer on the GeM?
As per the GFR rule applicable for GeM direct buying can be adopted for purchase orders in the range: -
Which form is required for preparing the Balance Sheet of an insurance company engaged in general insurance business?
What is another name for the Revenue account in insurance company reporting?
In which set of regulations are the specified forms (e.g., Form A - BS, Form B - BS Form A – RA, Form B – RA etc.) provided for insurance company repor...
Which form is used for preparing the Profit and Loss Account of an insurance company carrying out life insurance business under the IRDA Regulations, 2002?
According to the Insurance Act, who can receive remuneration or reward for soliciting or procuring insurance business in India?

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