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Practice Accounts Questions and Answers

What financial ratio measures the number of days a company can cover its cash expenses without relying on external financing for a certain period?
According to Ind AS 16 - Property, Plant and Equipment, what is NOT considered when determining the cost of self-constructed assets?
There can be variety of budget. Name the budget which relates to a particular function of the business.
A Ltd owns land and building which are carried in its balance sheet at an aggregate carrying amount of 10 million. The fair value of such asset is 15 milli...
What does the acronym "OCI" stand for in accounting and financial reporting?
Activity Ratios are meant to indicate:
The value of derivative is determined by
1 What is a special purpose vehicle (SPV) in project finance?
A hotel provides a 4-D/3-N package with the facility of breakfast. This is a ..........
If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.40,000 and Income tax rate is 30%, what will be the Gross P...
As per AS-13, Long Term Investments are carried in the balance sheet at what value?
If the organisation has Budgeted sales > the Break-Even level of Sales, then Margin of Safety, would be:
Fill in the blanks by selecting appropriate word/s the List II. List I: 1. The _________ ratios are primarily measures of return: 2. The __...
Identify correct full forms of ESOP and ESPP.
If the Opening Debtors were Rs.50,000 and Closing debtors are Rs.40,000, what effect will it have on the cash flow statement?
What is project financing?
Gifts not exceeding_____in value in a financial year by an employer to an employee shall not be treated as supply of goods or services or both.
The Bank overdraft repayable on demand will be reported in the cash flow statement as _____
A company reported net profit before tax of Rs.36,100. It has raised debt capital of Rs.250,000 through 13% debentures. What is the interest coverage ratio...
Who is the regulator of the corporate sector?
If the fixed cost is Rs.43,500 and the company, the contribution is Rs.500 per unit, how many unit sales would a company need to do to earn a profit of Rs....
The cost incurred for an additional product is known as ________
At the end of the accounting year the capital expenditures are shown in the:
What is the due date for filing GSTR-9, the annual return, as per GST law?
Which of the following book is both a journal and a ledger?
Purchase of a laptop for office use wrongly debited to Purchase Account. It is an error of
The term supply includes:
Which Statement on Auditing (SA) provides guidance on the overall objectives of the independent auditor and the conduct of an audit in accordance with stan...
Till when shall the President and every other Member of the Tribunal shall hold office from the date on which he enters upon his office as per the Companie...
Where a company is formed and registered under this Act for a future project or to hold an asset or intellectual property and has no significant accounting...
Any member of a company entitled to attend and vote at a meeting of the company shall be entitled to appoint another person as ___________ to attend and vo...
According to the Companies Act which of the following statement is true regarding set-off against subsequent calls in a company when all creditors have bee...
How to verify that while sending confidential information over the Internet such as usernames, passwords, or credit card numbers, sent data is encrypted
...................... is the creation of email messages with a forged sender address - something which is simple to do because the core proto...
The observation of people at work that would reveal the one best way to do a task is known as
At what level of an organisation does a corporate manager operate?
Identify correct full forms of ESOP and ESPP.
If the Opening Debtors were Rs.50,000 and Closing debtors are Rs.40,000, what effect will it have on the cash flow statement?
Who is the regulator of the corporate sector?
Which form is required for preparing the Revenue account in insurance company engaged in general insurance business?

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