List of top Accountancy Questions

Sales less cost of goods sold is called:

Fixed Assets are shown:

Which year can be selected for calculating trend percentage?

Unrecorded liabilities when paid are shown in:

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

The term ‘Financial Statement’ includes:

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:

On dissolution of the firm, Partners’ Capital Accounts are closed through:

The form of Balance Sheet as per Companies Act, 2013 is:

Financial Statement is:

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

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

When is the partner’s executor account opened?

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

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

Patents and copyrights fall under which category?

Sale of marketable securities will be shown under:

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

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

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

An annual report is issued by a company for:

Provision for Tax is:

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

General Reserve Account always shows: