List of top Accountancy Questions

Subscription received in advance is:

Legacies should be treated as:

All receipts of capital nature are shown in:

For the firm, interest on partner’s drawings is a/an:

In which year did the Partnership Act come into force?

Which of the following is not the method of financial statement analysis?

Which year can be selected for calculating trend percentage?

Sales less cost of goods sold is called:

When financial statements of two or more organisations are analysed, it is called:

Financial analysis is useful for:

Fixed Assets are shown:

Parties interested in financial statements are:

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

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

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

The term ‘Financial Statement’ includes:

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

Unrecorded liabilities when paid are shown in:

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

Financial Statement is:

Patents and copyrights fall under which category?

When is the partner’s executor account opened?

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

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?