| 1021 |
For a manufacturing company, dividend paid is classified as a cash flow from |
Accountancy/Book Keeping
Cash flow statement |
Easy |
| 1022 |
In the indirect method, depreciation is added back to net profit because it is |
Accountancy/Book Keeping
Cash flow statement |
Easy |
| 1023 |
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 |
| 1024 |
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 |
| 1025 |
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 |
| 1026 |
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 |
| 1027 |
Which of these is a limitation of a computerised accounting system? |
Accountancy/Book Keeping
Concept and types of computerised accounting |
Easy |
| 1028 |
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 |
| 1029 |
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 |
| 1030 |
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 |
| 1031 |
Codes that use letters to help users remember the account, such as "SAL" for sales, are called |
Accountancy/Book Keeping
Structure of CAS |
Easy |
| 1032 |
In a chart of accounts, the lowest level of the hierarchy consists of |
Accountancy/Book Keeping
Structure of CAS |
Easy |
| 1033 |
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 |
| 1034 |
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 |
| 1035 |
Which arrangement correctly shows the hierarchy from top to bottom for a customer's account? |
Accountancy/Book Keeping
Structure of CAS |
Hard |
| 1036 |
An Accounting Information System is best described as a |
Accountancy/Book Keeping
Accounting Information System |
Easy |
| 1037 |
Which subsystem of an AIS would produce a list of amounts due from customers? |
Accountancy/Book Keeping
Accounting Information System |
Easy |
| 1038 |
The calculation of employees' salaries, deductions and net pay is handled by which subsystem? |
Accountancy/Book Keeping
Accounting Information System |
Medium |
| 1039 |
Which of the following is NOT a component of an Accounting Information System? |
Accountancy/Book Keeping
Accounting Information System |
Medium |
| 1040 |
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 |