List of top Accountancy Questions

Amount realised from sales of assets, on dissolution of firm is recorded in:

If at the time of dissolution nothing is said about liabilities, then:

When a partner takes responsibility to make payment of any outside liability of the firm, the account credited will be:

At the time of dissolution of firm, book value of assets is recorded in which side of Realisation Account?

On death of a partner, the firm gets for joint life policy taken for all partners:

On the death of a partner, final payment is made through:

Patents and copyrights fall under which category?

Legal expenses are recorded in which side of Realisation A/c?

When is the partner’s executor account opened?

Financial Statement is:

An annual report is issued by a company for:

The balance of ‘Sinking Fund Account’ after the redemption of debentures is transferred to:

When debentures are issued at par and are redeemable at a premium, the loss on such an issue is debited to:

Provision for Tax is:

Method(s) of redemption of debenture is/are:

Sale of marketable securities will be shown under:

Excess of credit side over the debit side in Revaluation Account is called:

Deep Ltd. issued 10,00,000, 7% debentures of Rs. 100 each at a discount of 4%, redeemable after 5 years at a premium of 6%. Loss on the issue of debenture is:

According to Companies (Share Capital and Debenture) Rules, 2014, by which percentage of the amount of debentures will have to create Debenture Redemption Reserve (DRR), before the commencement of redemption of debentures?

What do you understand by superprofit?

Revaluation Account is a

General Reserve Account always shows:

Equal profit ratio of three partners is:

In the absence of partnership deed, partners are not entitled to get

Under superprofit basis goodwill is calculated by