List of top Accountancy Questions

Which of the following assets is compulsorily revalued at the time of admission of a new partner?

Decrease in the value of fixed assets is called as:

Outstanding subscription is shown in:

Revaluation Account is alike a:

When a new partner does not bring his share of goodwill in cash, then the amount is debited to:

The Partner’s Capital Account is credited with:

The summary of cash and bank transactions shows:

Which of the following is a revenue expenditure?

Donations received for specific purpose are treated as:

Payment of honorarium to Secretary is treated as:

Which of the following shows transactions related to one year?

What is used to prepare the opening Balance Sheet?

Entrance fee is treated as:

Balance of Share Forfeiture A/c is shown in the Balance Sheet under the item:

Which of the following is a capital receipt?

To whom is dividend given at a fixed rate in a company?

The surplus/deficit of not-for-profit organisation is ascertained by:

Sweat equity shares are issued to:

A company issued 10,000 shares of Rs. 10 each at a premium of 10%. The amount of premium will be:

Which of the following should be deducted from the called-up capital to find out paid-up capital?

The amount received over and above the par value is credited to which account?

An example of cash flow from financing activities is:

A company issues its shares at a premium under which section of Indian Companies Act, 2013?

A company is incorporated by:

The liability of members in a company is: