List of top Accountancy Questions

The books of Arya and Dev showed that their capital employed on 31st March, 2025 was Rs 9,00,000. If the normal profits are Rs 45,000 and super profits are Rs 27,000, the normal rate of return is:

On 1st April, 2024, Kedar Ltd. issued 7,000, 8% debentures of Rs 100 each at a discount of 10%. The total amount of interest due on debentures for the year ended 31st March, 2025 will be:

Dharma Ltd. was registered with an authorised capital of Rs 30,00,000 divided into 3,00,000 equity shares of Rs 10 each. The amount was payable as follows: On Application - Rs 2 per share; On Allotment - Rs 5 per share; On First and Final Call - Balance. The company offered 90,000 shares for public subscription. All the shares were subscribed and the company received all the money due, except allotment and call money on 4,000 shares held by Aditi and call money on 3,000 shares held by Rohit. The directors forfeited shares of Aditi and Rohit.

Explain various options available to change the alignment of the text in the cells.

What is the outcome of an arithmetic expression or function called?

Name the table which is an interactive way to quickly summarise large amounts of data. State any three reasons why this table is designed.

Explain any two ways in which Computerized Accounting System safeguards the secrecy of business data.

State any three advantages and three limitations of Computerised Accounting System.

What are 'Radar Charts'? What purpose do they serve?

What value of range look up in VLOOKUP() and HLOOKUP() is used for returning only exact value?

What will be displayed on the screen when Excel does not recognise the text or formula?

The encryption of data facilitates:

How many columns exist on Excel 2006 worksheet?

For the year ended 31st March 2025, Sona Ltd. made a profit of Rs 4,00,000 after charging depreciation of Rs 75,000 on fixed assets and a transfer of Rs 1,50,000 to general reserve. Goodwill written off during the year was Rs 80,000. The company sold machinery of the book value of Rs 90,000 at Rs 95,000. During the year, trade receivables increased by Rs 40,000 and trade payables increased by Rs 30,000. Prepaid expenses increased by Rs 2,000 and outstanding wages decreased by Rs 20,000.

Calculate cash flows from operating activities.

Which of the following is not contained on formula tab on Excel ribbon?

From the following information, calculate:

(i) Debt-Equity Ratio and
(ii) Total Assets to Debt ratio

Purchase of marketable securities or short term investments are not considered for the preparation of cash flow statement because:

From the following Balance sheets of Royal Sugar Mills Ltd. as at 31st March, 2024 and 2025, prepare a Comparative Balance Sheet:

Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as per Schedule-III, Part-I of the Companies Act, 2013:

(i) Stores and Spare parts
(ii) Livestock
(iii) Public Deposits

Statement-I: In case of non-financial enterprises, receipts of interest and dividend are classified as financing activities.

Statement-II: In case of financial enterprises receipts of interest and dividend are classified as investing activities.

Choose the correct option from the following:

Which of the following will not amount to cash outflow from operating activities?

From the following information, calculate:

(i) Current ratio and
(ii) Debt to capital employed ratio

Ratios calculated to measure the ability of the business to pay the amount due to stakeholders as and when it is due are known as:

The process of identifying the financial strengths and weaknesses of the firm by properly establishing relationships between the various items of Balance Sheet and the Statement of Profit and Loss is called:

Which of the following transaction will affect the 'Gross Profit Ratio' of a company:

(i) Revenue from operations Rs 1,00,000
(ii) Purchased goods worth Rs 70,000.
(iii) Goods costing Rs 15,000 withdrawn for personal use.
(iv) Goods costing Rs 50,000 sold for Rs 60,000.