Practice Accounts Questions and Answers

• 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...
• According to Companies Act 2013, what does OPC stand for?
• Debt financing is sometimes preferred by the corporate due to the fact that:
• Which of the following is true about sales tax and VAT?
• In working capital management, the period of continuing flow of cash to suppliers, to inventories, to accounts receivable and back into cash is known as:
• Which of the following techniques was developed by Kaplan and Norton?
• Determining the present value of a future amount in financial sense is known as:
• ___________ implies the overall market risk that affects all securities and cannot be diversified away.