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You Are On Multi Choice Question Bank SET 2935

146751. The cash withdrawn by the proprietor should be credited to--------





146752. Consignment account is-------





146753. Tally software package is developed by--------





146754. At the end of the accounting year nominal accounts are:





146755. Premium on redemption of debenture is --------a/c





146756. If the shares are forfeited,the share capital a/c is debited by:





146757. The process of recording financial data upto trial balance is:





146758. Average profit=3,72,000,Normal rate of return=12%,Total asset=68,00,000,outside liabilities=42,00,Calculate the value of goodwill under capitalization metho





146759. The maximum number of partners is mentioned in:





146760. An accounting system which presents the balance sheet into two parts is called:





146761. Voyage account is----------accountant





146762. In Self balancing ,bought ledger adjustment account is opened in:





146763. Manufacturing a/c is prepared to find out:





146764. The amount paid to an author for the use of copyright is called:





146765. Where the loss of an asset has been identified by the bank,but the amount has not been written off wholly or party is known as:





146766. Accounting principles are based on:





146767. Valuation and presentation of inventory is:





146768. If sales is Rs.2,40,000,percentage of gross profit on sales 20%,purchase 1,75000 closing stock Rs 30,Then opening stock will be:





146769. If cost of an asset is Rs.60,000 and life period is 4 years.The rate of depreciation is:





146770. -------------is against the principle of convention of conservation.





146771. The term is used to write off the value of lease hold properties:





146772. Ram sends 50 table fan to Rahim costing Rs.300 per table fan to be sold at 20% above cost price.Sales will be:





146773. Acid test is same as:





146774. Deferred cost is a:





146775. The sale of a business asset on credit is recorded in:





146776. Marshalling of balance sheet means:





146777. Which one of the following is not considered the permanent part of the accounting record?





146778. Error due to wrong allocation as expenditure between capital and revenue is regarded as





146779. Depreciation in spirit is similar to:





146780. The main object of an audit is:





146781. A sale of Rs.50,000 to A was entered as a sale to This is an example of:





146782. Auditing standards differ from audit procedures relates to:





146783. Professional skepticism requires that the auditor assume that management is:





146784. Audit of banks is an example of:





146785. Which of the following schedule of the Companies Act,1956 deals with depreciation?





146786. Which of the following auditing assurance standard deals with audit planning?





146787. Which of the following is a revenue reserve?





146788. Who out of the following cannot be appointed as a statutory auditor of the company?





146789. The branch auditor is appointed by:





146790. The Statutory auditor of a government company submits his report to:





146791. The auditor is most likely to examine related party transactions very carefully while vouching:





146792. The creditors accounts,generally ,have credit balance.Debit balance may be due to:





146793. The time lag between indenting and receiving material is called:





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