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Practice Accounts Questions and Answers

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"?
If a company operating in a different country works the manner exactly like the parent company, such orientation is called:
What does “Inhwa” in management perspective refer to?
Who has propounded the Theory Z?
Which of the following is not a principle of management as suggested by Fayol?
Who among the following was involved in Hawthorne Experiments at Chicago?
Which among the following does not belong to Liquidity Ratios?
In which situation flow of funds does not happen?
Which transaction results in flow of funds?
What does Standard Costing help in?
Standard Price (Standard Quantity – Actual Quantity) = ____________.
Rs 9,00,000 incurred on advertising to introduce a new product line is a:
Which of the following is a representative personal account?
____________ = (sales value – variable cost)/ Sales value
When is a Suspense Account opened?
Which of the following is NOT an indicator of over capitalization?
WhatsApp / Hike Messenger is an example of:
Which section of the Companies Act 2013 says, as a statutory requirement, the Audit committee of the company or the Board shall, in consultation with the I...
The company should file form _______ with the board resolution and with prescribed fee to the Central Government for appointment of the cost auditor.
One of the approaches of Working Capital Management, where the company takes a strategy by which it finances all funds requirements with long-term funds fo...

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