Financial and Management Accounting - Financial and Management Accounting Questions

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46:  

An expenditure in the nature of revenue enhancing activity is normally regarded as a

A.	Revenue expenditure
B.	Capital expenditure
C.	Deferred revenue expenditure
D.	None of the above
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

47:  

Which accounting standard deals with accounting for amalgamations?

A.	AS-24
B.	AS-10
C.	AS-20
D.	AS-14
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	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

48:  

In case of fixed capital accounts, following are recorded in the capital accounts of partners

1. Balance of capital in the beginning of the year

2. Fresh capital introduced during the current year

3. Permanent withdrawal of excess capital and closing balance of capital

4. Income tax of partner.

Select the correct answer using the codes given below:

A.	1 and 2
B.	1,2 and 4
C.	1,2 and 3
D.	1,2,3 and 4
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	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

49:  

What is the correct sequence of the following heads of assets in the balance sheet of a company, as per the Companies Act, 19567

1. Investments

2. Current Assets

3. Fixed Assets

4. Profit and Loss Account

5. Miscellaneous Expenditure

6. Loans and Advances

Select the correct answer using the codes given below:

A.	3,2,1,6,4,5
B.	2,1,3,6,5,4
C.	2,3,1,6,4,5
D.	3,1,2,6,5,4
	Answer Report Discuss
	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

50:  

Which of the following is an intangible asset?

A.	Plant & Machinery
B.	Land & Building
C.	Furniture
D.	Goodwill
	Answer Report Discuss
	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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