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Practice Accounts Questions and Answers

Which of the following statements is FALSE with regard to working capital management?
Which of the following statements are true or false? (i) Direct material cost: Cost of the material that can be directly allocated to a cost centre or a co...
Who among the following assesses is NOT liable to pay advance tax?
Which of the following statements are true about input tax credit? Statement 1: Input tax credit of SGST can be utilised for payment of SGST first and the ...
Which of the following transactions is capital expenditure?
Application for cancellation of registration shall be submitted electronically in Form ______.
Goods returned by customer will be debited to which account?
Which among the following profitability level is the profit from which the fixed costs are to recovered first to arrive at the profit?
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...
GAAP stands for:
Which among the following deals with Accounting for Inventories?
How can we find out the Net Realizable Value on account of Inventory as per the applicable Accounting Standard for valuation of Inventory?
Which section deals with TDS on cash withdrawals?
Which section of the Income Tax Act defines the term Assessee?
In which section of Income Tax Act the term ‘Assessment’ is defined?
The decisions which are concerned with analysing the risks and rewards of equity and debt and raising money through them is known as:
An auditor of a listed company shall not be appointed, if it is an individual as auditor, for?
Company XYZ has purchased a new machinery to expand its production capacity. This purchase of Fixed Asset will _________
In case of redemption of debentures, Debt/equity ratio will:
Capital budgeting involves the evaluation of:
Use of cash to underrate a capital expenditure in an organisation involves an outflow of cash. This transaction will be reflected in the Cash Flow Statemen...
In India, the GST is based on the dual model GST adopted in:
An assessee liable to pay advance tax is not liable to pay interest u/s 234B if the advance tax paid by him is not less than
Drawings made by an owner belongs to:
The life of the business is split into smaller intervals as per which of the following accounting concepts?
The return forgone for the undertaking an investment is known as?
When was the Government e-Marketplace (GeM) launched in India?
If the organization has redeemed its preference shares, then this transaction will be reflected in the Cash Flow Statement under which of the activities?
What is the journal entry for charging Depreciation under Cost Method?
Which GFR (2017) rule is applicable for GeM?
What is Government e-Marketplace (GeM)?
Which among the following ratios is a part of Liquidity Analysis?
A person shall be eligible for appointment as an auditor of a company only if he is a _______________
Interest for default in payment of installments of advance tax is levied u/s
GST is a consumption of goods and service tax based on
Taxes that are levied on any Intra-State purchase are?
Revenue as per Ind AS -18 is not categorised into which one of the following types:
The lower a manager is in the organisational hierarchy, the more important his/her _______ skills are
The Hawthorne experiments were conducted by
Consider the following information. What will be the Economic Ordering Quantity (EOQ)?...

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