'Bonus Shares' are issued by: MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Accountancy and Book Keeping Questions
Question #1
Report Error
Total liabilities are Rs 2,50,000 and the debt-to-equity ratio is 1:2. What is the value of Total Assets?
Correct Answer: Option C
Explanation:
Equity = 2 * Liabilities = Rs 5,00,000. Total Assets = Liabilities + Equity = 2,50,000 + 5,00,000 = Rs 7,50,000.
Equity = 2 * Liabilities = Rs 5,00,000. Total Assets = Liabilities + Equity = 2,50,000 + 5,00,000 = Rs 7,50,000.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
Report Error
The 'Business Intelligence Unit' in tax department uses:
Correct Answer: Option A
Explanation:
BIU uses big data and analytics to detect non-compliance.
BIU uses big data and analytics to detect non-compliance.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
Report Error
S1: The Profit and Loss Appropriation Account is prepared by a partnership firm. S2: It is prepared to distribute the net profit among the partners. Which statement(s) is/are correct?
Correct Answer: Option B
Explanation:
A partnership firm prepares a Profit and Loss Appropriation Account after the Profit and Loss Account. Its purpose is to distribute the net profit among partners by accounting for interest on capital, salaries, and profit shares. Both are correct.
A partnership firm prepares a Profit and Loss Appropriation Account after the Profit and Loss Account. Its purpose is to distribute the net profit among partners by accounting for interest on capital, salaries, and profit shares. Both are correct.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
No comments yet. Be the first to start the discussion!