Which one of the following is NOT true about Capital Expenditure?

Reports that can be prepared from the adjusted trial balance is:

Which of the following adjusting double entries is correct for Unearned income?

A check returned by bank marked “NSF” means:

Any written evidence in support of a business transaction is called as:

Statement of financial position produced from incomplete accounting record is commonly known as:

Partnership type of business is formed by the mutual agreement of partners. What kind of agreement is it?

The DuPont Analysis uses the following ratios except:

Which of the following statements is incorrect regarding capital account?

Which of the following account with normal balance is shown at the credit side of a trial balance?

A current asset that is convertible to cash within 3 months can be referred to:

A firm has not recorded the bad debts by mistake. Which of the following is the effect of bad debts omission?

Suppose that the provision for doubtful debts account’s opening balance is ₹3222, closing balance is ₹5222 and bad debts written off during the accounting period amount to ₹500. Work out the total amount needed to debit in the profit and loss account?

The revenue recognition principal dictates that all types of incomes should be recorded or recognized when:

Which one of the following concepts states that the publication or presentation financial statements should not be delayed?

Which of the following current ratio of and above indicates that the availability of sufficient net working capital and the ability of the firm to meet current liabilities?

The quick ratio formula uses which of the following:

A company received a cash ₹8000 in advance for auditing service. However, the company neither earned this revenue nor made any adjusting entry in its books. Identify the effect of this omission?

A tool that is used to help bookkeepers and accountants complete the accounting cycle is:

A Low Return on Investment Ratio indicates:

Patents, Copyrights, and Trademarks are

What is the main purpose of financial accounting?

After a business transaction has occurred, journal entries are recorded in the:

Control accounts are most commonly used for which of the following purposes? 

Reports that can be prepared from the adjusted trial balance:

Inventory is valued at lower of the cost or net realizable value on account of the accounting principle of:

The accrual basis of accounting records revenues when they are:

Bad debts written off during a period of accounting are entered in which side of a control account? 

Transferring entries from journal to ledger account is commonly known as:

Sales of ₹500 were recorded twice in the sales ledger control account. What is the correct adjustment in a debtor control account?

A cash book with cash, bank and discount column is commonly referred as:

Which of the following is known as the base for preparing trial balance?

A company purchased a vehicle for ₹6000. I will be used for 5 years and its residual value is expected to be ₹1000. What is the annual amount of depreciation using the straight-line method of depreciation? 

Non-profit organizations prepare all of the following accounts except:

Which of the following is not regarded as the fundamental concept that is identified by IAS-1?

In the period of rising prices, LIFO method may result in:

If two or more jute mills combine together, it is known:

In India, foreign exchange for import of goods is sanctioned by:

The concept of a separate entity is applicable to which of following types of businesses?

Given
Total assets turnover=4
Net Profits=10%
Total Assets= ₹50000
Net profit will be:

Utility Poles, used in electric distribution lines, were first used for:

Which of the following scheme has been launched by the Union Govt. to improve the OPERATIONAL and FINANCIAL efficiency of the State Power Distribution Companies?

Assam Solar Energy Policy was launched in:

Which of the following act replaced the Electricity (Supply) Act, 1948?

Central Electricity Authority (CEA) is a/an__________ under the Power Ministry, Govt. of India.

Which of the following British act responsible for the growth of Militant Nationalism during British India?

The revolutionary organisation ‘Abhinav Bharat Society’ was founded in 1904 by:

Which Indian mass movement began with the famous ‘Dandi March’ of Mahatma Gandhi?

Which of the following Indian states has the maximum percentage of mangrove cover in the country?

Which of the following country is the top source of Foreign Direct Investment (FDI) to India for 2017-2018?

Which of the following is only an output device? 

Which of the following is not a social networking application?

Which of the following file is responsible for starting MS Word?

What is the shortcut key for line break?

Substitute the following sentence with one word:

Something which is not through or profound.

Fill in the blanks:

You have to leave your shoe _______ the door when you enter the house.

Find the error in the below sentence:

We were able to make it (a)/ inspite of (b)/ the bad weather. (c)/ No error (d)

X and Y can do a piece of work in 20 days and 12 days respectively. X started the work alone and then after 4 days Y joined him till the completion of the work. How long did the work last?

A train 500 meter long is running with a speed of 72 km/hr it crossed a tunnel in 1 minute find the length of the tunnel?

Fill the series:

3, 8, 23, 68, _____?

The long-term assets that have not physical existence but those are rights that have value is known as:

In accounting, an economic event is known as:

The liabilities that are payable in more than a year and are not to be liquidated from current assets is known as:

Liquid or Quick assets is equal to:

The ratios that refer to the ability of the firm to meet the short-term obligations out of its short-term resources:

Financial accounting provides financial information to all of the following external users except:

Which is the most important characteristic that all assets of a business should have?

Which of the following is likely to happen because of an inadequacy of consideration in contracts