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Accountancy (Test 3)

Accountancy, All Important MCQ

CUET
20 Questions
0.00 Marks
Pass: 0.00

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Q1 • MCQ • 1 marks
Old ratio 3:2, new ratio 5:3, Sacrificing ratio?
Q3 • MCQ • 1 marks
Goodwill is valued at 3 years’ purchase of average profit ₹40,000, Value?
Q4 • MCQ • 1 marks
Super profit = Actual profit – ____
Q5 • MCQ • 1 marks
Gaining ratio is calculated at time of:
Q6 • MCQ • 1 marks
Revaluation A/c is prepared at:
Q7 • MCQ • 1 marks
Interest on capital is:
Q8 • MCQ • 1 marks
Accumulated profits are distributed in:
Q9 • MCQ • 1 marks
Premium for goodwill is credited to:
Q10 • MCQ • 1 marks
Memorandum revaluation account is prepared when:
Q11 • MCQ • 1 marks
On dissolution, assets are transferred to:
Q12 • MCQ • 1 marks
Authorised capital is stated in:
Q13 • MCQ • 1 marks
Minimum subscription must be received before:
Q14 • MCQ • 1 marks
Oversubscription leads to:
Q15 • MCQ • 1 marks
Securities premium shown under:
Q16 • MCQ • 1 marks
Forfeited shares reissued at discount limited to:
Q17 • MCQ • 1 marks
Debenture interest is:
Q18 • MCQ • 1 marks
Preference shares carry:
Q19 • MCQ • 1 marks
Equity dividend is:
Q20 • MCQ • 1 marks
Capital Redemption Reserve created when:
Q21 • MCQ • 1 marks
DRR stands for:

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