accounting questions with answers
2,134 multiple-choice questions. Open any question for its answer and explanation.
- Municipal tax Rs.6000 under dispute is a
- Joint venture account is a
- Capital expenditures are recorded in the
- Recovery of bad debt is a
- Bills receivable is a
- The party who sends the goods for sales on fixed commission basis is known as
- Endorsement, discounting and collection of bills of exchange is made by
- Noting charges are paid at the time of
- Dismantling and demolition charges is a
- The owner of consignment stock is
- Which account is the odd one out?
- X draws a bill on Y. X endorsed the bill to Z. ____ will be the payee of the bill.
- Interest on drawings is ___ for the business
- Narrations are given at the end of
- The basic consideration(s) in distinction between capital and revenue expenditure is/are
- "Treating a revenue expenditure as a capital expenditure" is an example of
- If an effect of an error is cancelled by the effect of some other error, it is commonly known as
- In case of debit balance, the words _____ are written on the debit side
- Bank pass book is also known as
- Ram and Shyam are partners in a firm with capital of Rs. 4,80,000 and Rs. 3,10,000, respectively. They admitted Ganesh as a partner with $${\frac{1}{4}^{{\text{th}}}}$$ share of profit. Ganesh brings Rs. 3,00,000 as his capital. Ganesh's share of goodwill will be
- Match the items of List-I with those of the List-II and indicate the correct answer: List-I List-II a. Debtors Turnover Ratio 1. Solvency Ratio b. Proprietary Ratio 2. Liquidity Ratio c. Operating Ratio 3. Activity Ratio d. Acid Test Ratio 4. Profitability Ratio
- Ledger is an accounting book in which
- The user group of accounting information is
- In case of 'installment payment system', total interest receivable by the seller is credited to
- Which of the following is not an accounting equation?
