List of top Accountancy Questions on Miscellaneous

Maharaja Ltd. took over assets of ₹15,00,000 and liabilities of ₹2,00,000 of Dolphin Ltd. for an agreed purchase consideration of ₹12,60,000. It was agreed that the purchase consideration will be paid by issuing 11% Debentures of ₹100 each at 10% discount. The number of debentures issued will be:

Neeru and Meetu are partners in a firm with capitals of ₹ 2,00,000 and ₹ 1,50,000 respectively. If the firm earned a profit of ₹ 17,500 for the year ended 31st March 2023, then interest on capital @ 10% p.a. would be:

At the time of dissolution of a firm, the total assets were ₹ 6,00,000 and outside liabilities were ₹ 2,40,000. If assets realised ₹ 7,20,000 and realisation expenses of ₹ 8,000 were paid, the profit or loss on realisation will be:

Assertion (A): The court does not intervene when dissolution of partnership takes place. Reason (R): Dissolution of partnership takes place by mutual agreement between the partners. Choose the correct option from the following:

Bhim, Arjun, and Nakul were partners in a firm sharing profits and losses in the ratio of

4:3:3

. With effect from 1st April 2023, they agreed to share profits equally. Due to the change in the profit-sharing ratio, Arjun's gain or sacrifice will be:

From the following information, calculate the 'Proprietary Ratio':

Using the worksheet, find out the error and its reason for the given 'VLOOKUP' syntax:

$\begin{array}{|c|c|c|c|} \hline \text{S. No.} & \text{Consumables} & \text{Price in FY 21-22} & \text{Price in FY 23-24} \\ \hline 1 & \text{Muskmelon} & 45 & 122 \\ 2 & \text{Watermelon} & 9 & 21 \\ 3 & \text{Squash} & 22 & 35 \\ 4 & \text{Gourd} & 47 & 68 \\ 5 & \text{Curd} & 49 & 66 \\ 6 & \text{Brisket} & 33 & 43 \\ 7 & \text{Poultry} & 88 & 96 \\ \hline \end{array}$

(i) =VLOOKUP(B1, B4 : D6, 2, 0)
(ii) =SQRT(VLOOKUP(C2, C2 : D8, 2, 0) – 100)
(iii) =VLOOKUP(B5, B6 : D8, 1, 0)
(iv) =VLOOKUP(B3, B2 : D8, 5, 0)
(v) =VLOOKUP(B5, B3 : D8, 0, 0)
(vi) =VLOOKUP(B2, B2 : D7, 2, 0)/0

What is Data formatting? What tools are used to format a given data?

Identify the type of software which is suited for large and medium organisations and can be linked to other information systems.

What is the outcome of an arithmetic expression or function called?

In a graph, the area bounded by different axes is known as:

Which of the following is not contained on the formula tab on Excel ribbon?

State the parameters of Excel’s PMT function. What is the use of this function?

Explain ‘Transparency and Control’ and ‘Accuracy and Speed’ as features of Computerised Accounting System.

Explain ‘Password Security’ and ‘Data Audit’ as security features of Computerised Accounting System.

How is navigation conducted from the first to the last filled cells of clusters when moving one cell at a time in a row?

Which Date and Time function returns the value of today's date with time?

Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013: Capital Work-in-Progress Stores and Spares Public Deposits

Statement I: 'Issue of fully paid bonus shares out of Securities Premium Account' will result in inflow of cash.
Statement II: 'Cash withdrawn from bank' will result in inflow of cash.
In the context of the above two statements, choose the correct option: