List of top Accountancy Questions

If at the time of dissolution nothing is said about liabilities, then:

On death of a partner, the firm gets for joint life policy taken for all partners:

Financial Statement is:

When is the partner’s executor account opened?

At the time of dissolution of firm, book value of assets is recorded in which side of Realisation Account?

Legal expenses are recorded in which side of Realisation A/c?

On the death of a partner, final payment is made through:

Patents and copyrights fall under which category?

When debentures are issued at par and are redeemable at a premium, the loss on such an issue is debited to:

Method(s) of redemption of debenture is/are:

Sale of marketable securities will be shown under:

An annual report is issued by a company for:

The balance of ‘Sinking Fund Account’ after the redemption of debentures is transferred to:

Provision for Tax is:

Revaluation Account is a

Excess of credit side over the debit side in Revaluation Account is called:

What do you understand by superprofit?

Equal profit ratio of three partners is:

Deep Ltd. issued 10,00,000, 7% debentures of Rs. 100 each at a discount of 4%, redeemable after 5 years at a premium of 6%. Loss on the issue of debenture is:

According to Companies (Share Capital and Debenture) Rules, 2014, by which percentage of the amount of debentures will have to create Debenture Redemption Reserve (DRR), before the commencement of redemption of debentures?

General Reserve Account always shows:

Which of the following is a nature of goodwill?

In the absence of partnership deed, partners are not entitled to get

Under superprofit basis goodwill is calculated by

Factor(s) that affect(s) goodwill is/are: