List of top Accountancy Questions

What is meant by number of years’ purchase at the time of valuation of goodwill?

Under what circumstances is a partnership firm compulsorily dissolved?

Premium on redemption of debentures is a:

Mention two objectives of financial statements.

In case of issue of debentures as a collateral security for the loan taken from the bank, which account will be debited?

Interest payable on debentures is:

What is the nature of Debenture Application Account?

Debenture holders are the:

Discount on issue of debentures is recorded in the form of:

In the Balance Sheet of a company, debentures are shown under which head?

Debenture is the part of:

X, Y and Z are partners in the ratio 3 : 4 : 3. Y retires and X and Z decide to share equally. What is the new ratio of X and Z?

A company signs through:

Forfeiture of shares results in reduction of:

In which ratio, the cash brought in for goodwill by the new partner is shared by the existing partners?

Reconstitution of partnership is:

The accumulated profits are transferred to:

Hari, Roy and Prasad are partners and their profit sharing ratio is 3 : 5 : 1. Roy retires and his share is taken by Prasad. The new ratio of Hari and Prasad will be:

The Partner’s Capital Account is credited with:

Which of the following assets is compulsorily revalued at the time of admission of a new partner?

When a new partner does not bring his share of goodwill in cash, then the amount is debited to:

Decrease in the value of fixed assets is called as:

Revaluation Account is alike a:

Outstanding subscription is shown in:

Which of the following is a revenue expenditure?