accounting questions with answers
2,134 multiple-choice questions. Open any question for its answer and explanation.
- As per Indian Accounting Standards 26 Goodwill is a/an :
- Expenditure incurred on erection ofMacniner is :
- Which of the following is not a method of preparation of a Trial Balance ?
- As per dual aspect concept :
- In case of Foreign Branch the current assets and liabilities should be converted at :
- Accounting Principles are generally based on :
- Patents Account is an example of
- The following is (are) the type(s) of Journal
- The process of entering all transactions from the Journal to Ledger is called
- The following is a statement showing the financial status of the comapany at any given time
- The following is a statement of revenues and expenses for a specific period of time
- Balance sheet is a statement of
- Balance sheets are prepared
- The ratios that refer to the ability of the firm to meet the short term obligations out of its short term resources
- The measure of how efficiently the assets resources are employed by the firm is called
- The following is (are) the current liability (ies)
- Current ratio =
- Liquid or Quick assets =
- Lower the Debt Equity ratio
- A higher inventory ratio indicates
- Return on Investment Ratio (ROI) =
- A low Return on Investment Ratio (ROI) indicates
- Sales expenditure budget is prepared by estimating the expense(s) of
- Budgeting is difficult to apply in the following cases
- A Master Budget consists of