List of practice Questions

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:
Which of the following is a revenue expenditure?
Donations received for specific purpose are treated as:
The summary of cash and bank transactions shows:
Payment of honorarium to Secretary is treated as:
Which of the following shows transactions related to one year?
Entrance fee is treated as:
What is used to prepare the opening Balance Sheet?
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:
A company issued 10,000 shares of Rs. 10 each at a premium of 10%. The amount of premium will be:
To whom is dividend given at a fixed rate in a company?
Which of the following is a capital receipt?
The surplus/deficit of not-for-profit organisation is ascertained by:
An example of cash flow from financing activities is:
A company is incorporated by:
Discount on issue of share is:
A company issues its shares at a premium under which section of Indian Companies Act, 2013?
The liability of members in a company is:
The amount received over and above the par value is credited to which account?
Tangible assets of a company are increased from Rs. 4,00,000 to Rs. 5,00,000. What is the percentage of change?
Operating ratio is: