ACCOUNTANCY MCQ 17

Rahul holding 5000 Shares of Refinery Ltd. paid the amount of call @ Rs. 5 per share on 1st November 2018 whereas the call was due on 1st March 2019. Interest on calls in Advance as per Table F will be Calculated as

The Amount of buy back of shares in any financial year should not exceed ____ of the paid-up capital and free reserves.

Under which method only one account, i.e., capital account is maintained for each partner

Anupam and Abhishek are partners sharing profits and losses in the ratio of 3: 2. Their capital accounts showed balances of Rs. 1,50,000 and Rs. 2,00,000 respectively. If the partnership deed is silent as to the payment of interest on capital and the profit for the year is Rs. 50,000 What Will be True in this case

according to which Schedule of the Indian Companies Act, 2013, Indian companies have to prepare Balance Sheet:

Which Item is show under the head ` long term borrowings ` while preparing balance sheet?

By Analysing Common Size Statements Which Analysis can be Processed?

The most commonly used tools for financial analysis are:

Credit Sales Rs. 700000, Cash Sales Rs. 100000. Cost of Revenue from Operations is Rs. 640000, then Gross Profit Ratio will be_______

10. Current Ratio is 3:4, Current Liabilities Rs. 24000, the amount of current assets will be____