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Practice Accounts Questions and Answers

Short-term capital gains arising from the transfer of equity shares in a company or units of an equity-oriented fund or units of a business trust charged w...
Unclaimed dividend is shown in the balance sheet under the head
Following is/are the feature of Exchange traded contract: I. It is highly customized II. It has margin requirements III....
Match the following: I. Test of Liquidity A. &n...
Which among the following correctly describes Margin of Safety?
In the context of auditing standards, which standard is associated with "Agreeing the Terms of Audit Engagements"?
Price risk is the risk of a decline in the value of a security or a portfolio. How can one transfer price risk?
An auditor cannot audit a firm if his/her relative is indebted to the company in excess of ______
From the following information calculate the amount of sales to earn a desired profit of Rs.12,000 Fixed Cost: 24,000 Selling Price: 10 per unit Variabl...
To study the trends in a firm’s cost of goods sold (COGS), the analyst should standardize the cost of goods sold numbers to common size basis by dividing...
DuPont analysis is:
From the below mentioned, IND AS 16 can be applied to which of the following?
From the below Ind AS 2 is not applicable in which of the following cases?
A company uses Raw material A to manufacture finished goods, price of the raw material A is on the decline. The finished goods in which the raw material is...
If rights and beneficial interest in a property is transferred but documentation and legal formalities are pending then seller & purchaser should record in...
As per Schedule III of the Companies Act, 2013, long term provisions are shown –
In case of companies depreciation on assets are provided on the basis of -……
In the context of filing of financial statements by a company, the term “XBRL” means......................
Share Options Outstanding Account is shown on the liabilities side in the Balance Sheet under the head:
The format of the Financial Statement of a company is prescribed in:
‘‘Interest accrued & due on debentures’’ is shown ...................... .
At the balance sheet date, the balance on the Accumulated Provision for Depreciation Account is
If an employee does not make an intimation to their employer about their selection regarding the tax regime, the employer will:
Number of days in a month for purposes of computing taxable gratuity in case the employee is covered under the Payment of gratuity Act, 1972, are?
…………… allowance deduction is allowed only to Government employees.
CBDT full form:
Which among the following is a Progressive Tax?
Which of the following income is agricultural income—
Section 24 (a) prescribes the standard deduction from NAV of a sum equal to?
This kind of audit is conducted generally between two annual audit ______.
Great Insurance Co. Ltd. on 31.12.2022 had reserve for unexpired risk of 5 crores in respect of miscellaneous business. During 2023, the premium collected ...
Which form is used for preparing the Profit and Loss Account of an General insurance company under the IRDA Regulations, 2002?
In this reinsurance arrangement, an agreement is made between the ceding company and the reinsurer(s), specifying limits for reinsurances that can pertain ...
How is the commission on reinsurance accepted typically accounted for by the reinsurer?
Which of the following is a program that uses a variety of different approaches to identify and eliminate spam?
In whose favour is the Doctrine of Indoor Management?
Securities Premium can be used by the company:
What does Section 123 of the Companies Act, 2013 primarily deal with?
Debenture redemption reserve is transferred to which reserve:
Which of the following is the regulator of the capital market in India?

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