Questions in Accountancy

Receipt and payment account is a summary of

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Receipt and payments account is a summary of (a) Debit & Credit balance of Ledger account(b) Cash receipts & payment(c) Income and Expenses(d) A balance of assets …

Which of the following is an intangible asset

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Which of the following is an intangible asset. a.Land and Building, b. Debtors, C. plant ​

Stock for the purpose of claim should be

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Stock for the purpose of claim should be _​

Paid into bank journal entry

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What will journal entry for cash paid into bank 50,000?

Retained earnings are also known as

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Retained earnings are also known as: (a) Ploughing back of profit (b) Capital(c) Gross profit(d) Surplus profit​

How to prepare revaluation account

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How to make revaluation account

Which animal gives us wool

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Name two animals which gives us wool

The term management accounting was first coined in

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The term management accounting was first coined in _____. (a) 1960 (b) 1950 (c) 1945 (d) 19552. Management accounting is ______ (a) Subjective (b) Objective (c) Productive (d) Communicative …

Which of the following is a capital transaction

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Which of the following is a capital transaction? Options 1 Purchase of goods2 Payment of wages3 Sale of goods4 Purchase of machinery​

Process cost is based on the concept of

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. Process cost is based on the concept of (a) Average cost(b) Marginal cost(c) standard cost (d) Differential cost​

The shortcut key to quit from tally is

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The shortcut key to quit from tally is A) CTRL + Q B) CTRL + ESC C) CTRL + T D) CTRL + P

Input vat ledger is created under which account

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Input vat output vat ledger created under which account

Credit purchase of machinery is recorded in the

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Credit purchase of Machinery should be recorded in : (a) Purchase Book (b) Cash Book (c) Petty Cash Book (d) Journal proper

Advantages and disadvantages of play way method of teaching

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Advantages and disadvantages of play way method of teaching

Formula to calculate rate of depreciation under wdv method

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Formula to calculate rate of depreciation under wdv method

Difference between balance carried forward and balance brought forward

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Difference between balance carried forward and balance brought forward in journal entry

Difference between non profit concern and non trading concern

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Distinction between non-profit concern and non-trading concern​

Difference between absolute cell reference and relative cell reference

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Difference between relative and absolute referencing

Depreciation on office equipment as per companies act 2013

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Depreciation rate on office equipment as per companies act 2013

In foreign branch fixed assets shall be converted at

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In foreign branch, fixed assets shall be converted at: A. Opening rateB. Closing rateC. Average rateD. None of these

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