Accounting MCQs

Which of the following pairs is/are correctly matched?

After realization of investment balance of sinking fund adjustment account is transferred to

Which of the following statement is/are true? 1. Tax shield on depreciation and interest is an important variable both for the lessor and the lessee. 2. Lease transactions in India are governed by the lease act. 3. A lessee should evaluate the lease options against the buying option. 4. As per AS-19, financial lease is shown in the balance sheet of the lessee as an asset.

When all the debentures are redeemed, the balance left in the Debenture Sinking Fund Account is transferred to

In what order following items should be shown in company's balance sheet? i. Goodwill ii. Investment iii. Creditors iv. Preliminary expenses Choose answer from one of the options

"Make sufficient provisions for future losses, but do not anticipate future profits." The statement is in accordance to the concept of

Which account will be debited with the nominal value of shares, when shares are issued to promoters for the service offered by them?

Whom of the following is paid at last on the dissolution of a company?

Functions of managerial accounting and cost accounting interacting with each other-