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Higher Study | Accountancy

Financial Statement Analysis Corporate Accounting Balance sheet statement Depreciation
Which of these statements is false?
Which one of the following statements is NOT true?
To whom is the term "insider trading" related?
As per Accounting Standard 6 issued by ICAI on depreciation, under which circumstances the method of depreciation may be changed? (i) When the adoption of new method is required by the statute. (ii) When it is required for compliance with an accounting standard. (iii) When it is considered that the change would result in a more appropriate preparation or presentation of financial statements.
When FIFO method is in use, the closing inventory is valued at
When a company issues shares at a premium, the premium amount will be received by it along with
Given below are two statements: Statement I : Deferred Tax Liabilities (Net) is the amount of tax on the temporary difference between the accounting income and taxable income. It arises when the accounting income is more than the taxable income. Statement II : Deferred Tax Liabilities (Net) and Deferred Tax Assets (Net) are only book entries i.e. they are neither actual liability nor actual asset. In the light of the above statements, choose the correct answer from the options given below:
When the value of "Investment in subsidiary" in the holding company's balance sheet is more than the book value of the net assets acquired, the difference represents
Given below are two statements: Statement I : Capital market plays an important role in mobilising resources and diverting them in productive channels. Statement II : Capital market is a market where buyers and sellers engage in trade of financial securities like bonds, stocks, etc. In the light of the above statements, choose the correct answer from the options given below:
The debit balance, at the end of a year, in a cash book, shows:
Raj Goyal has bank account in XYZ bank. According to his cash book, his bank balance on 31 March was Rs. 7,340. He sent the cheques of Rs. 3,450 to his bank for collection but cheques amounting to Rs. 345 were not collected by that date. Out of the cheques issued by him towards payment of his debts, cheques of Rs. 790 were not presented for payment. What is the balance as shown by his bank passbook?
As per the format of Balance sheet prescribed as per Schedule III of Companies act 2013, Capital Work in progress is shown under the heading of
Match List I with List II: List I List II (A) Bonus shares (I) Invitation to existing shareholders to purchase additional new shares (B) Demat shares (II) Issue is made to existing members free of charge (C) Right issue (III) Share issues by a company to its employees/directors at a discount for providing know-how (D) Sweat equity share (IV) Shares in electronic form Choose the correct answer from the options given below:
In the books of M/s Ram pyare, purchase of Rs. 4,500 from Rajan was wrongly entered in the sales day book. What is the correction entry to be passed in the books of account? (amount in Rs.)
If the rate of Gross profit on sales is 30% and the cost of goods sold is Rs. 70,000, What is the amount of sales?
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