List of top Accountancy Questions

Which year can be selected for calculating trend percentage?

Financial analysis is useful for:

Fixed Assets are shown:

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

On dissolution of the firm, Partners’ Capital Accounts are closed through:

When a partner takes responsibility to make payment of any outside liability of the firm, the account credited will be:

The term ‘Financial Statement’ includes:

Unrecorded liabilities when paid are shown in:

Amount realised from sales of assets, on dissolution of firm is recorded in:

The form of Balance Sheet as per Companies Act, 2013 is:

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?

When is the partner’s executor account opened?

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

Financial Statement is:

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

Patents and copyrights fall under which category?

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

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

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

Sale of marketable securities will be shown under:

Provision for Tax is:

An annual report is issued by a company for:

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?