New FLASH SALE Dhamaka - Flat 60% Off on All Courses

Practice Basic Accounting Concepts Questions and Answers

Special effects used to introduce slides in a PowerPoint or any other Software presentation are known as ________?
On or before 15th December, how much advance tax liability must have been deposited?
Which article of the Constitution of India prohibits arbitrary collection of tax?
The application of audit procedures to less than 100% of items within a population of audit relevance is:
The Investor and Education Fund is established by the Central Government under ______ of the Companies Act, 2013. The Chairman of this fund is __________.
Consider the following and select which of them forms a part of capital receipts for the GoI I. ...
PQR Ltd consumes a minimum of 1250 units in 4 weeks while the average rate of consumption per week is 625 units. If it takes 4 weeks on average for the sup...
A s per which concept, total Notional profit should not be transferred to Profit and Loss Accounts but the portion of it should be kept in reserve to meet...
Interest paid on Debentures will come in which of the following activities in the Cash Flow Statement?
……………….. is the order size that minimizes the sum of ordering and holding costs related to raw material inventories ...
Which of the following best describes a Bridge Loan?
As per Schedule III, which of the following is not a current liability?
The investments which by their nature are readily realizable and are intended to be held for less than a year from the date when such investment is done ar...
Which of the following function of management requires intellectual ability?
Which of the following strategy is made by the senior most management in large corporates?
According to Keynesian, which of the following could lead to high unemployment?
What are the custodian’s asset servicing charges for Atal Pension Yojana (APY)?
SEBI has divided the Non-institutional Investors (NII) category into two based on the application size for book-built IPOs. What proportion of NIIs has bee...
Equity Multiplier allows the Investors to see: (In DuPont Analysis)
What would be the real rate of interest If the money discount rate is 19% and Inflation is 12%
What among the following is the item related to off- balance sheet exposure? A. Deposits B. Guarantee C. Call Options ...
MNP Inc has a gross profit of Rs 75000 on a sale of Rs 350000. The balance sheet shows average total assets of Rs 200000 with an average inventory of Rs 50...
NMO Inc has the following accounting information Current Assets at the beginning of a year = Rs 580 Current Assets at the end of a year = Rs 620 Current ...
ABC Inc’s Income statement shows a sale of Rs 2000, COGS of Rs 800, Pre-Interest Operating Expenses of Rs 600 and Interest expenses of Rs 200. Interes...
Mr. X has purchased an index option with a strike price of Rs 1500. What will be his net gain or loss if the price of an index at maturity is Rs 1550 and t...
Owners’ equity is shown as the liability in the balance sheet. This is based on the accounting concept:
Which one of the following is not a purpose of "credit monitoring"?
What does cash flow means in accounting parlance?
In a period of rising prices and stable inventory quantities, which of the following best describes the effect on gross profit of using LIFO as compared to...
The discount rate that makes the present value of expected cash flows from the project equal to the initial cost of the project is called:
Which one of the following is a second method of Calculation of Maximum Permissible Bank finance recommded by Tandon Committee?
Based on the following information- calculate the initial investment in the project. Cost of machine = Rs. 54,00,000 Installation charges = Rs. 12,000 S...
A company issues 5,00,000 shares in the market. The face value of each share is Rs.2, the book value is Rs.10 and the market value is Rs.15. What is the ne...
Match the following: Term Feature A. CDO 1) Pooled cash-flows sold to investors in discreet tranch...
Which of the following has a direct impact on human resource objectives?
Which of the following concepts describes the line of authority should flow from top management to bottom?
The Reserve Bank of India (RBI) uses the monetary policy to manage liquidity or _____ in a manner that balances inflation and at the same time aids growth....
What is the difference between GVA and GDP?
NPS is regulated by _____
The Bank overdraft repayable on demand will be reported in the cash flow statement as _____

More Topics

Today's Class

There is no live class for today.