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Practice Accounts Questions and Answers

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.
A share is quoted at Rs. 60. An investor expects the company to pay a dividend of Rs. 3 per share, one year from now. The expected price of share after one...
Which among the following is not an Audit technique?
Under Section 205-A, unpaid dividends shall be transferred to Special Dividend's Account after the expiry period of declaration of such dividend. What is t...
What does Sec 2(i) of the Indian Contract Act deal with?
ORACLE is an example of:
Calculate the expected rate of return on the entire portfolio, if the risk-free rate is 6% and the expected rate of return on market portfolio is 15%. ...
The Audit undertaken to check the implications of the top management decisions, having a financial bearing is otherwise known as:
What is the time limit for filing revised return at present?
A trader sells entire raw material to a manufacturer of finished products in the same state. He buys his stock in trade from other states as well as from t...
If a corporate assessee has paid Rs. 15,000 as excess service tax during the previous half-year ending period, this excess amount can be adjusted against i...
In respect of income from house property, the collection charges are allowed up to a maximum of:
According to the Standards of Auditing, the "Documentation" aspect is dealt with:
A project can be accepted if:
Deduction in respect of royalty income of authors under Chapter VI is allowed under Section:
Accruals are recorded in the books of accounts through:
An individual who wants to be a resident of India U/S6(1) must stay in India for at least:
_________ is a method to sell securities to the existing shareholders of a company.
Which among the following is primarily not a Refinancing Financial Institution?
Digital signature, one of the important components of e-commerce is defined according to Section _________ of Information Technology Act, 2000.
In financial terms, ___________ enables the analysts to identify slow paying debtors. (Pick the most appropriate option in line with the spirit of the ques...
A portfolio consisting of two risky securities can be made risk-less i.e, σp = 0, if:
The point of tangency between efficient frontier and risk-return indifferences curve depicts:
Assets with a beta of 0.95 (in financial terminology) will be considered as:
Which one of the errors is disclosed by Trial Balance?
Expiration of cost of intangible assets is referred to as:
What is accounting standard-3 (revised) associated with?
Dearness allowance is taxable in case of:
Depreciation is applicable to:
Money market is a market for ___ (1) ___ funds having maturity of ___ (2) ___.
Other things remaining constant, money received tomorrow is ______ received today.
The class of preference share, where the arrears in the dividends are carried forward and paid out of the profits of the subsequent years are called as:
Consider the following journal entry: In what circumstances, such journal entry is passed?...
Generally, Internal Auditor is not appointed by:

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