List of top Accountancy Questions

Write any four differences between Share and Debenture.
PMT Method is used to prepare ________ (Payroll statement/Loan repayment statement)
One or more cells selected is called:
Write any four limitations of Cash Flow Statement.
Write any two limitations of financial statements.
What are Convertible and Non-convertible Debentures?
A firm has a current ratio of 3.5 : 1 and a quick ratio of 2 : 1. Assuming inventory at ₹96,000, find out total current assets and total current liabilities.
Give any two differences between Calls in Arrears and Calls in Advance.
Explain redemption of debentures by draw of lots.
What is Capital Reserve?
For whom, analysis of financial statements is not significant?
A company purchased machinery for ₹18,00,000 and in consideration issued shares at 20% premium. What will be the face value of shares issued?
Harsh Ltd., a financing company, obtained loans and advances of ₹10,00,000 for the year @ 12% per annum. In which activity will it be included while preparing the Cash Flow Statement?
Cash Flow Statement is prepared on the basis of __________ issued by Institute of Chartered Accountants of India. (AS-3/AS-3 Revised)
For whom, analysis of financial statements is not significant?
Debenture holders are entitled to get __________. (dividend/interest)
Horizontal analysis is also known as __________ analysis. (static/dynamic)
A company purchased machinery for ₹18,00,000 and in consideration issued shares at 20% premium. What will be the face value of shares issued?
How can a partner retire from the firm?
What are the rules applicable in absence of partnership deed?
What adjustments are required to be made at the time of retirement of a partner?
Why are Reserves and Surplus distributed at the time of reconstitution of the firm?
Write any two differences between Fixed Capital Accounts and Fluctuating Capital Accounts.
Write any two factors affecting Goodwill.
What is Realisation Account?