List of top Accountancy Questions asked in Bihar Board XII

In which ratio, the cash brought in for goodwill by the new partner is shared by the existing partners?

Hari, Roy and Prasad are partners and their profit sharing ratio is 3 : 5 : 1. Roy retires and his share is taken by Prasad. The new ratio of Hari and Prasad will be:

X, Y and Z are partners in the ratio 3 : 4 : 3. Y retires and X and Z decide to share equally. What is the new ratio of X and Z?

Revaluation Account is alike a:

Decrease in the value of fixed assets is called as:

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:

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

Outstanding subscription is shown in:

Which of the following shows transactions related to one year?

Donations received for specific purpose are treated as:

Payment of honorarium to Secretary is treated as:

The summary of cash and bank transactions shows:

Entrance fee is treated as:

What is used to prepare the opening Balance Sheet?

Which of the following is a revenue expenditure?

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

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

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

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

Sweat equity shares are issued to:

Which of the following is a capital receipt?

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

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

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