List of top Accountancy Questions

Debentures repayable after 12 months or after the period of Operating Cycle from the date of Balance Sheet are shown in the Balance Sheet of a company under the head of:
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Under Section 37 of the Indian Partnership Act, 1932, when the amount due to an outgoing partner remains wholly or partly unpaid and there is no agreement regarding payment of interest or share of profit, the outgoing partner or his legal representative is entitled to:
If a partner withdraws equal amount in the middle of each quarter, then ______ are to be considered for interest on total drawings.
When partners decide not to affect the book value of assets and liabilities, Deceased Partner's Capital Account is _____ with the net effect of revaluation gain for his share and Gaining Partner's Capital Accounts are _____ in their _____.
At the time of death of a partner, balance amount in Investment Fluctuation Reserve after meeting fall in the value of Investment is _____ to _____.
If a partner withdraws equal amount at beginning of each quarter, then ______ are to be considered for interest on total drawings.
Exe Ltd. has balance in Provision for Tax Account of Rs. 50,000 and Rs. 75,000 as on 31st March, 2024 and 2025 respectively. It made provision for tax during the year of Rs. 65,000. Tax paid during the year was
Interest on Capital is allowed on
Which of the following is not an essential feature of partnership?
Under Section 48 of the Partnership Act, 1932, the residue remaining after payment of debts, advances, and capital shall be divided among partners in their:
Under what circumstances, a partner can get exemption from sharing losses in a firm?
At the time of admission of a partner when Partners' Capital Accounts are maintained following Fixed Capital Accounts Method, Unrecorded Assets or Liabilities are transferred to:
Which of the following most accurately explains the legal foundation governing the mutual rights and obligations of partners in a partnership firm, particularly in the absence of an express written contract?
Which of the following statements most precisely reflects the doctrine of separate legal entity as established under company law?
Under Section 37 of the Indian Partnership Act, 1932, an outgoing partner may receive interest at the rate of:
According to Section 4 of the Indian Partnership Act, 1932, partnership is the relation between persons who have agreed to share the profits of a business carried on by:
Exe Ltd. has balance in Provision for Tax Account of Rs. 50,000 and Rs. 75,000 as on 31st March, 2024 and 2025 respectively. It made provision for tax during the year of Rs. 65,000. Tax paid during the year was
Interest on Capital is allowed on
Which of the following is not an essential feature of partnership?
Which of the following statements most precisely reflects the doctrine of separate legal entity as established under company law?
Under Section 48 of the Partnership Act, 1932, the residue remaining after payment of debts, advances, and capital shall be divided among partners in their:
Under what circumstances, a partner can get exemption from sharing losses in a firm?
Which of the following most accurately explains the legal foundation governing the mutual rights and obligations of partners in a partnership firm, particularly in the absence of an express written contract?
At the time of admission of a partner when Partners' Capital Accounts are maintained following Fixed Capital Accounts Method, Unrecorded Assets or Liabilities are transferred to:
Under Section 37 of the Indian Partnership Act, 1932, an outgoing partner may receive interest at the rate of: