| 101 |
Interest on debentures is |
Accountancy/Book Keeping
Interest on debentures and discount on issue |
Easy |
| 102 |
Interest on debentures is calculated on their |
Accountancy/Book Keeping
Interest on debentures and discount on issue |
Easy |
| 103 |
A company has ₹10,00,000 of 9% debentures. Interest is paid annually and TDS is deducted at 10%. What net amo… |
Accountancy/Book Keeping
Interest on debentures and discount on issue |
Medium |
| 104 |
Discount on issue of debentures is written off first out of |
Accountancy/Book Keeping
Interest on debentures and discount on issue |
Medium |
| 105 |
A company issued ₹5,00,000 of 10% debentures at a 4% discount. Interest is paid half-yearly. What is the gros… |
Accountancy/Book Keeping
Interest on debentures and discount on issue |
Hard |
| 106 |
Under Schedule III, bills payable are shown under |
Accountancy/Book Keeping
Financial statements of a company |
Easy |
| 107 |
Goodwill is shown in a company's balance sheet under |
Accountancy/Book Keeping
Financial statements of a company |
Easy |
| 108 |
Under Schedule III, loose tools are classified as |
Accountancy/Book Keeping
Financial statements of a company |
Medium |
| 109 |
Under which sub-heading is a bank overdraft shown in a company's balance sheet? |
Accountancy/Book Keeping
Financial statements of a company |
Medium |
| 110 |
A company cannot identify its normal operating cycle. A loan from a bank is repayable in 18 months. How is it… |
Accountancy/Book Keeping
Financial statements of a company |
Hard |
| 111 |
Analysis of financial statements of a firm for a single year, comparing items with a common base, is called |
Accountancy/Book Keeping
Financial analysis |
Easy |
| 112 |
Which is a limitation of financial analysis? |
Accountancy/Book Keeping
Financial analysis |
Easy |
| 113 |
A supplier giving goods on three months' credit to a company is mainly interested in its |
Accountancy/Book Keeping
Financial analysis |
Medium |
| 114 |
A company shows good profits, but its skilled staff are leaving due to poor working conditions. Why might fin… |
Accountancy/Book Keeping
Financial analysis |
Medium |
| 115 |
Comparing a company's revenue for five consecutive years, with the first year as base, is an example of |
Accountancy/Book Keeping
Financial analysis |
Hard |
| 116 |
In a common-size Statement of Profit and Loss, each item is expressed as a percentage of |
Accountancy/Book Keeping
Comparative and common-size statements |
Easy |
| 117 |
Revenue from operations rose from ₹2,00,000 to ₹2,50,000. What is the percentage change shown in a comparativ… |
Accountancy/Book Keeping
Comparative and common-size statements |
Easy |
| 118 |
Which statement allows a small firm and a large firm in the same industry to be compared easily? |
Accountancy/Book Keeping
Comparative and common-size statements |
Medium |
| 119 |
A company's revenue from operations is ₹2,40,000 and its cost of revenue from operations is ₹1,80,000. In a c… |
Accountancy/Book Keeping
Comparative and common-size statements |
Medium |
| 120 |
Revenue rose from ₹2,00,000 to ₹2,40,000 and expenses rose from ₹80,000 to ₹1,00,000. What does a comparative… |
Accountancy/Book Keeping
Comparative and common-size statements |
Hard |
| 121 |
The debt-equity ratio belongs to which category of ratios? |
Accountancy/Book Keeping
Accounting ratios |
Easy |
| 122 |
Current assets are ₹3,00,000 and current liabilities ₹1,50,000. What is the current ratio? |
Accountancy/Book Keeping
Accounting ratios |
Easy |
| 123 |
Current assets are ₹3,00,000, including inventory of ₹80,000 and prepaid expenses of ₹20,000. Current liabili… |
Accountancy/Book Keeping
Accounting ratios |
Medium |
| 124 |
Cost of revenue from operations is ₹4,80,000, opening inventory ₹70,000 and closing inventory ₹90,000. What i… |
Accountancy/Book Keeping
Accounting ratios |
Medium |
| 125 |
Current assets are ₹2,00,000 and current liabilities ₹1,00,000. The firm pays ₹50,000 to its trade creditors.… |
Accountancy/Book Keeping
Accounting ratios |
Hard |
| 126 |
For a manufacturing company, dividend paid is classified as a cash flow from |
Accountancy/Book Keeping
Cash flow statement |
Easy |
| 127 |
In the indirect method, depreciation is added back to net profit because it is |
Accountancy/Book Keeping
Cash flow statement |
Easy |
| 128 |
Net profit is ₹1,00,000. Depreciation is ₹20,000, trade receivables increased by ₹15,000 and trade payables i… |
Accountancy/Book Keeping
Cash flow statement |
Medium |
| 129 |
Machinery with a book value of ₹50,000 is sold for ₹40,000. How is this shown in the cash flow statement? |
Accountancy/Book Keeping
Cash flow statement |
Medium |
| 130 |
Profit before tax is ₹1,50,000; depreciation ₹20,000; loss on sale of machinery ₹10,000; trade receivables up… |
Accountancy/Book Keeping
Cash flow statement |
Hard |
| 131 |
Which type of accounting software is most suitable for a small shop with simple, standard needs and a limited… |
Accountancy/Book Keeping
Concept and types of computerised accounting |
Easy |
| 132 |
Which of these is a limitation of a computerised accounting system? |
Accountancy/Book Keeping
Concept and types of computerised accounting |
Easy |
| 133 |
A large bank needs accounting software designed specially for its many branches and confidential processes. W… |
Accountancy/Book Keeping
Concept and types of computerised accounting |
Medium |
| 134 |
An accountant enters a correct voucher but posts ₹5,000 to the wrong expense head. Why might a CAS fail to de… |
Accountancy/Book Keeping
Concept and types of computerised accounting |
Medium |
| 135 |
A firm buys a standard accounting package and gets the vendor to add a module for its special commission rule… |
Accountancy/Book Keeping
Concept and types of computerised accounting |
Hard |
| 136 |
Codes that use letters to help users remember the account, such as "SAL" for sales, are called |
Accountancy/Book Keeping
Structure of CAS |
Easy |
| 137 |
In a chart of accounts, the lowest level of the hierarchy consists of |
Accountancy/Book Keeping
Structure of CAS |
Easy |
| 138 |
A firm reserves codes 100–199 for assets, 200–299 for liabilities and 300–399 for revenues. Which type of cod… |
Accountancy/Book Keeping
Structure of CAS |
Medium |
| 139 |
Vouchers in a CAS are numbered 1, 2, 3 and so on, in the order in which they are entered. What type of coding… |
Accountancy/Book Keeping
Structure of CAS |
Medium |
| 140 |
Which arrangement correctly shows the hierarchy from top to bottom for a customer's account? |
Accountancy/Book Keeping
Structure of CAS |
Hard |
| 141 |
An Accounting Information System is best described as a |
Accountancy/Book Keeping
Accounting Information System |
Easy |
| 142 |
Which subsystem of an AIS would produce a list of amounts due from customers? |
Accountancy/Book Keeping
Accounting Information System |
Easy |
| 143 |
The calculation of employees' salaries, deductions and net pay is handled by which subsystem? |
Accountancy/Book Keeping
Accounting Information System |
Medium |
| 144 |
Which of the following is NOT a component of an Accounting Information System? |
Accountancy/Book Keeping
Accounting Information System |
Medium |
| 145 |
A manager receives an accurate sales report three months after the quarter ends, too late to change prices. W… |
Accountancy/Book Keeping
Accounting Information System |
Hard |
| 146 |
In a spreadsheet, every formula must begin with |
Accountancy/Book Keeping
Spreadsheets in accounting |
Easy |
| 147 |
Which spreadsheet error appears when a formula tries to divide a number by zero? |
Accountancy/Book Keeping
Spreadsheets in accounting |
Easy |
| 148 |
An accountant wants to summarise thousands of sales records into total sales by region and month. Which sprea… |
Accountancy/Book Keeping
Spreadsheets in accounting |
Medium |
| 149 |
A formula in cell C5 is =C5+B5. What problem does this create? |
Accountancy/Book Keeping
Spreadsheets in accounting |
Medium |
| 150 |
Cell C1 contains =$A$1*B1. The formula is copied to C2. What formula appears in C2? |
Accountancy/Book Keeping
Spreadsheets in accounting |
Hard |