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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"?

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