New Enroll in RBI Grade B New Batch - Starts on May 21

Practice Accounts Questions and Answers

Indian Insurance Co. Ltd. on 31.12.20X1 had reserve for unexpired risk of 20 crores in respect of fire insurance business. During 20X2, the premium collect...
Which of the following is not a mandatory financial statement of a General Insurance Company as per IRDA regulations?
What does IBNR stand for in insurance?
For intra-State sales, the GST is divided between the Centre and the State in the ratio?
The UTGST Act, 2017 is applicable to Union-Territories except:
The point at which the liability to charge tax arises is called as the
The term "Goods" under GST does not include:
………… of CGST Act, 2017 lists down the activities which shall be treated neither as supply of goods nor as supply of services.
The term depletion is used in relation to
An asset is purchased for Rs.50,000 on which depreciation is provided annually according to the straight-line method, the useful life is 10 years and the s...
Economic life of an enterprise is split into the periodic interval as per which concept?
An entry with more than one debit or credit is known as
If nothing is given in the financial statements about the three accounting assumptions, then it is to be treated as it
The arrangement of assets and liabilities in accordance with a particular order is known as of balance sheet.
For a given product, the sales of a company @ ₹ 200 per unit is ₹ 20,00,000. Variable cost is ₹ 12,00,000 and fixed cost is ₹ 6,00,000. The capacit...
Mr. A of Delhi supplied goods to Mr. B of Chandigarh (Union-Territory). Which law will govern this transaction
Which of the following is not an objective of management accounting?
Following information is available regarding an organization: Direct material purchased: 1,50,000 Direct material consumed: 80,000 Direct labour: 50,000 Di...
Which section of the Companies Act, 2013 deals with an audit of cost accounting records -
In an organization, profit after interest, tax, and dividend on preference shares is 4,00,000. The number of equity shares is 40,000 and the dividend payou...
The net profit of a company is 2,00,000, preference dividend € 25,000, and taxes paid 15,000. The number of equity shares is 1,00,000. The earnings per s...
For the financial year ended 31st March 2023, the figures extracted from the balance sheet of ABC Ltd. are as under: Opening stock 29,000 Closing stock 31,...
Which of the following statement is not true with regards to a bearer plant as per IND AS 16:
A shipping company is required by law to bring all ships into dry dock every five years for inspection and overhaul. What is the correct treatment for thes...
Which of the following cost are not excluded from the cost of inventories as per AS 2:
IRR is a rate at which
If the PV ratio us 80% and MOS is 20000. Calculate FC if SP per unit is 5 and Contribution is 40000.
What is the limit amount for deduction in respect of Medical/Health Insurance Premium under Section 80D of the Income Tax Act, 1961?
Which form is required for preparing the Balance Sheet of an insurance company engaged in life insurance business as per the IRDA Regulations, 2002?
ABD Limited received 5,90,000 as premium on new policies and 1,20,000 as renewal premium. The company received 90,000 towards reinsurance accepted and paid...
Section 64VA(1) of the Insurance Act specifies a criteria related to sufficiency of assets that every insurer and re-insurer should at all times maintain a...
Which of the following functions are not performed by servers?
What software applications would be the most suitable for performing numerical and statistical calculations?
For which of the following goods, the manufacturer is not allowed to opt for composition scheme:
According to Ind AS 16 - Property, Plant and Equipment, what is NOT considered when determining the cost of self-constructed assets?
Fill in the blanks by selecting appropriate word/s the List II. List I: 1. The _________ ratios are primarily measures of return: 2.&n...
What is the due date for filing GSTR-9, the annual return, as per GST law?
Supply of goods packed and transported with insurance. This is a..........
If you want to record all purchase transactions in the accounting software, which shortcut key should you use?
What does SAP stand for?

More Topics

Today's Class

There is no live class for today.