New RBI Grade B 2025 Notification will come Soon! Enroll Here

Practice Accounts Questions and Answers

What does CBLO stand for?
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.
If a firm has 100 in inventories, a current ratio equal to 1.2, and a quick ratio equal to 1.1, what is the firm's Net Working Capital?
Refer to the following information to answer the next 4 questions. If the company earned revenue from operations of Rs.18 lakh, what is the working ca...
Interest received on Bonds will come in which of the following activities in the Cash Flow Statement?
Interest payable on the bonds is a/an _______
Which among the following would be classified as a part of Internal Liability?
Calculate interest coverage ratio from the following: Net Profit after tax = 120000, tax rate = 50%, long term debt @10% = 1500000
Supply of goods packed and transported with insurance. This is a ___
Which among the following ratios will be affected because of salaries paid in cash as advance salary?
Which of the following is NOT an advantage of Bonus issue by a company?
The costs which were incurred in the past and ignored under capital budgeting are known as_____.
Which Schedule of the Companies Act, 2013 deals with the general instructions for preparation and presentation of the final accounts of a company?
What is the full form of ESOP?
5000 kgs of raw material were bought at Rs.2.5 per kg and 10% is normal waste. If recovery value of the normal waste is Rs.1.2 per kg, then find the cost o...
Time of supply means
The value of supply should include:
Which of the following forms are used for applicable for registration?
If the PV ratio us 80% and MOS is 20000. Calculate FC if SP per unit is 5 and Contribution is 40000.
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...
For a given product, the sales of a company @ ₹ 200 per unit is ₹ 20,00,000. Variable cost is Rs 12,00,000 and fixed cost is ₹ 6,00,000. The capacity...
XYZ Radiology Centre acquired a new imported X-ray machine for Rs.10,50,000. Octroi paid on the machine was Rs. 5,000. Expenses of setting up and starting ...
Material costing Rs. 700 in the erection of the machinery and the wages paid for it amounting to Rs. 400 should be debited to:
Withdrawal column of the Pass Book showed a wrong entry of Rs. 112. When the balance as per Cash Book is the starting point.
Which of the following statement is incorrect?
Balance as per pass book is Rs. 50,000/-. Rs 5,000/- were directly deposited by a customer into the bank. Then the balance as per cash book is:
Cost of goods sold will be:
Tangible property to be consumed in production of goods or services or held for sale in the ordinary course of business is defined as:
Which of the followings is a valuation principal?
Depreciation starts on a machine from the date:
The expired portion of capital expenditure is shown in the financial statements as:

More Topics

Today's Class

There is no live class for today.

-->