Practice Accounts Questions and Answers

• 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)?...
• In light of Inventory Management, what does "VED" stand for?
• What does the management principle, "Principle of Order" developed by Henry Fayol signify?
• Which of the following websites does not facilitate e-commerce?
• Which of the following is not an operating system software?
•  Which of the following concepts says that the business is different and the owner is different?
• Which of the following is not an input device for a computer?
• Second hand stocks/shares are traded with: (Common platform for trading)
• As per Companies Act 2013, Payment of Dividend is dealt U/S:
• What is the statutory limit u/s 16(ii) for deduction of entertainment allowance in case of government employee?
• Which of the following is not a Subsidiary Book in Accounting?
• Which is not a method of overhead apportion mechanism?
• Shareholders holding not less than _________ % of the face value of the equity shares of the transferor company (other than the equity shares already held ...
• X Ltd. is committed to supply 24,000 bearings per annum to Y Ltd. on steady basis. It is estimated that it costs 10 paise as inventory holding cost per bea...
• Find out the Ordering Level from the following information:
• What does section 6 of the Income Tax Act deal about?
• Section 63 of the Companies Act. 2013 deals with the issue of bonus shares. According to Sub-section (1) of this section, a company may issue fully paid-up...
• The per unit expenses of the ____(1) ___ portion of factory overhead varies with the volume of production while ___ (2)___ portion remains the same with vo...
• Which of the following accounting standards deals with "Net Profit or loss for the period, prior period items and changes in the Accounting Policies"?