Accounting Objective Questions and Answers

1450. Increasing trend in general pricelevelis known as

1451. Depreciation Accounting is a process of:

A. allocation of cost

B. valuation of assets

C. provision for replacement of assets

D. estimation of net profit

Discussion

1452. How many companies are involved in the scheme of internal reconstruction?

1453. Raja and Ram are partners sharing profits in ratio 3 : 1. Ashok is admitted for $${\frac{1}{4}^{{\text{th}}}}$$ share in profits. New profit sharing ratio between Raja, Ram and Ashok is?

1454. Fresh capital introduction will increase

A. Assets and Liabilities

B. Assets and Equity

C. Liabilities and equity and bank balance

D. Capital and Liabilities

Discussion

1455. Capital of a business decreases if there is an increase in

1456. The objective of hedge accounting is to represent, in the financial statements, the effect of an entity's that use financial instruments to manage arising from particular risks that could affect profit or loss.

A. risk management activities, exposures

B. risk mitigation activities, credit losses

C. risk diversification activities, credit concentration

D. risk mitigation activities, credit exposures

Discussion

Accounting MCQs