List of top Accountancy Questions asked in ICSE

Identify the components required to calculate goodwill using the Capitalisation of Average Profits Method.
Explain the term 'cell referencing' in an electronic spreadsheet.
A company took a loan of ₹10,00,000 at 12% p.a. and offered ₹15,00,000 in 8% Debentures as collateral security. Calculate the finance cost for the year.
Calculate Cash from Operations from the following: Net Profit for the year is ₹10,000 after providing for depreciation of ₹2,000; Trade Creditors decreased by ₹15,000; Outstanding Expenses increased by ₹3,000.
Gokul Ltd. forfeited 1,000 shares of ₹10 each (₹8 called-up) for non-payment of ₹5 allotment (including ₹2 premium). If ₹3,200 was transferred to Capital Reserve after reissuing some shares at ₹7, how many shares were reissued?
Ajay is admitted as a partner. The firm's Balance Sheet shows a Workmen Compensation Reserve of ₹80,000. If a claim of ₹90,000 arises, how is the extra ₹10,000 recorded?
Shiv, Ravi, and Roshan are partners. During 2023–24, Shiv withdrew ₹15,000 in the middle of each half-year; Ravi withdrew ₹20,000 for personal insurance; Roshan withdrew ₹12,000 from his capital. What is the interest on drawings at 6% p.a.?