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Practice Accounts Questions and Answers

Where to show Share application money received in excess of issued share capital?
As per Schedule III of the Companies Act, 2013, the current maturities of long term debt have to be shown under which of the following heading?
Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed cost is 100000, what is the Margin of safety in Qty if the budgeted units are 1,00,00...
Which section deals with TDS on cash withdrawals?
In India, the GST is based on the dual model GST adopted in:
The return forgone for the undertaking an investment is known as?
What is the appropriate method for calculating the cost of inventory when there are significant fluctuations in purchase prices?
The capital asset pricing model (CAPM) suggest that, the cost of equity is a trade-off between :
While calculating the claim outstanding at the end, which claims are considered?
What is the Surrender Value of an insurance policy?
Which Section of the Insurance Act defines ‘General Insurance Business’?
What does Miscellaneous Insurance encompass?
Which act primarily governs the field of general insurance in India?
Interest payable u/s 234C is computed at
From the following information calculate the amount of sales to earn a desired profit of Rs.6,000 Fixed Cost: 12,000 Selling Price: 12 per unit Varia...
U/s 208, it is obligatory for an assessee to pay advance tax where the tax payable is
___________ may fix remuneration of the first auditor appointed by the Board as per section 142 of the Companies Act
ICDS II deals with which of the following aspect?
Which of the following section deals with deduction in respect of Interest on deposits in savings/FD account in case of resident senior citizens?
A type of market in which securities with less than one year maturity are traded, is classified as
How much percentage of salary is allowed for exemption in House rent allowance Section 10(13A) in case of metro city?
ICDS III deals with which of the following:
Ind AS 7 deals with which of the following:
The term ‘ Previous year’ is defined under which section of Income Tax Act?
The audit that is made compulsory under statute is called _________.
Preliminary expenses are the best example for _________.
The main object of the audit of the cash book may be ________.
As per Income Tax Act, Children education allowance is exempt upto?
ICDS III deals with which of the following:
Financial Instruments such as Call Money, commercial paper, Bills of exchange, T-Bills, are traded in which of the following market?
Which term refers to the specific rate of interest carried by a bond?
Who among the following can issue Certificate of Deposits to raise short term resources?
A type of market where debt and stocks are traded and maturity period is more than a year is known as
Ind AS 7 deals with which of the following:
The term ‘ Previous year’ is defined under which section of Income Tax Act?
__________ is a systematic examination of the books and records or a business
This kind of audit is conducted generally between two annual audit ______.
Before the work of audit is commenced, the auditor plans out the whole of audit work is called _________.
Voucher relates to _________.

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