Explore topic-wise InterviewSolutions in Class 12.

This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your Class 12 knowledge and support exam preparation. Choose a topic below to get started.

201.

Which of the following items will not be shown in Profit and Loss Appropriation Accoount ?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/interest-13407" style="font-weight:bold;" target="_blank" title="Click to know more about INTEREST">INTEREST</a> on Capital<br/>Commission to a <a href="https://interviewquestions.tuteehub.com/tag/partner-1148214" style="font-weight:bold;" target="_blank" title="Click to know more about PARTNER">PARTNER</a><br/>Interest on Drawings<br/>Interest on Partner's <a href="https://interviewquestions.tuteehub.com/tag/loan-1076737" style="font-weight:bold;" target="_blank" title="Click to know more about LOAN">LOAN</a></p>Solution :Interest on Partner's Loan</body></html>
Discussion
202.

Which of the following items is not a method/tool of analysis of financial statements ?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/fund-1002092" style="font-weight:bold;" target="_blank" title="Click to know more about FUND">FUND</a> <a href="https://interviewquestions.tuteehub.com/tag/flow-993213" style="font-weight:bold;" target="_blank" title="Click to know more about FLOW">FLOW</a> Statement<br/>Common size Statements<br/>Statement of Trade Reveivables <br/><a href="https://interviewquestions.tuteehub.com/tag/cash-910172" style="font-weight:bold;" target="_blank" title="Click to know more about CASH">CASH</a> flow Statement</p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/c-7168" style="font-weight:bold;" target="_blank" title="Click to know more about C">C</a></body></html>
Discussion
203.

Which of the following items is shown under the head 'Non-Current Assets' while preparing the Balance Sheet of a company?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/underwriting-1436856" style="font-weight:bold;" target="_blank" title="Click to know more about UNDERWRITING">UNDERWRITING</a> Commission<br/>Current Investments<br/>Inventory<br/>Patents</p>Answer :D</body></html>
Discussion
204.

Which of the following items are recorded in the Profit & Loss Appropriation Account of a partnership firm?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/interest-13407" style="font-weight:bold;" target="_blank" title="Click to know more about INTEREST">INTEREST</a> on Capital<br/>Salary to Partner<br/>Transfer to <a href="https://interviewquestions.tuteehub.com/tag/reserve-1186088" style="font-weight:bold;" target="_blank" title="Click to know more about RESERVE">RESERVE</a> <br/>All to Reserve</p>Answer :A::<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a>::<a href="https://interviewquestions.tuteehub.com/tag/c-7168" style="font-weight:bold;" target="_blank" title="Click to know more about C">C</a>::D</body></html>
Discussion
205.

Which of the following item is considered as Cash Equivalents?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/marketable-7696291" style="font-weight:bold;" target="_blank" title="Click to know more about MARKETABLE">MARKETABLE</a> Securities<br/>Debtors <br/><a href="https://interviewquestions.tuteehub.com/tag/investment-25469" style="font-weight:bold;" target="_blank" title="Click to know more about INVESTMENT">INVESTMENT</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/bills-897480" style="font-weight:bold;" target="_blank" title="Click to know more about BILLS">BILLS</a> of <a href="https://interviewquestions.tuteehub.com/tag/exchange-454713" style="font-weight:bold;" target="_blank" title="Click to know more about EXCHANGE">EXCHANGE</a> </p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :A</body></html>
Discussion
206.

Whichof thefollowing is transferredto RealisationAccount :

Answer» <html><body><p>Balance of CashAccount<br/>Balance of <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> &amp; Lossaccount<br/>Amount realised on sale of assets <br/><a href="https://interviewquestions.tuteehub.com/tag/reserves-1186138" style="font-weight:bold;" target="_blank" title="Click to know more about RESERVES">RESERVES</a> </p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/c-7168" style="font-weight:bold;" target="_blank" title="Click to know more about C">C</a></body></html>
Discussion
207.

Which of the following item is not considered as Cash Equivalents?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/short-642706" style="font-weight:bold;" target="_blank" title="Click to know more about SHORT">SHORT</a> <a href="https://interviewquestions.tuteehub.com/tag/term-1241851" style="font-weight:bold;" target="_blank" title="Click to know more about TERM">TERM</a> <a href="https://interviewquestions.tuteehub.com/tag/deposits-948691" style="font-weight:bold;" target="_blank" title="Click to know more about DEPOSITS">DEPOSITS</a> in <a href="https://interviewquestions.tuteehub.com/tag/bank-13461" style="font-weight:bold;" target="_blank" title="Click to know more about BANK">BANK</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/commercial-923169" style="font-weight:bold;" target="_blank" title="Click to know more about COMMERCIAL">COMMERCIAL</a> Papers<br/>Trreasury Bills<br/>Investment</p>Answer :D</body></html>
Discussion
208.

Which of the following is the objective of comparative Statements?

Answer» <html><body><p>To <a href="https://interviewquestions.tuteehub.com/tag/make-546668" style="font-weight:bold;" target="_blank" title="Click to know more about MAKE">MAKE</a> the data <a href="https://interviewquestions.tuteehub.com/tag/simpler-7333586" style="font-weight:bold;" target="_blank" title="Click to know more about SIMPLER">SIMPLER</a> and understandable<br/>To indicate the trend<br/>To <a href="https://interviewquestions.tuteehub.com/tag/help-1018089" style="font-weight:bold;" target="_blank" title="Click to know more about HELP">HELP</a> in forecasting <br/>All of the above</p>Answer :D</body></html>
Discussion
209.

Which of the following is shown under Financing Activity?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/interest-13407" style="font-weight:bold;" target="_blank" title="Click to know more about INTEREST">INTEREST</a> <a href="https://interviewquestions.tuteehub.com/tag/paid-1145567" style="font-weight:bold;" target="_blank" title="Click to know more about PAID">PAID</a><br/>Commission <a href="https://interviewquestions.tuteehub.com/tag/received-1179289" style="font-weight:bold;" target="_blank" title="Click to know more about RECEIVED">RECEIVED</a><br/>Cash received against <a href="https://interviewquestions.tuteehub.com/tag/sale-1193496" style="font-weight:bold;" target="_blank" title="Click to know more about SALE">SALE</a> of goods<br/>Cash paid for <a href="https://interviewquestions.tuteehub.com/tag/purchase-1172709" style="font-weight:bold;" target="_blank" title="Click to know more about PURCHASE">PURCHASE</a> of goods</p>Solution :Interest paid</body></html>
Discussion
210.

Which of the following is source of cash?

Answer» <html><body><p>Cash deposited into <a href="https://interviewquestions.tuteehub.com/tag/bank-13461" style="font-weight:bold;" target="_blank" title="Click to know more about BANK">BANK</a><br/>Cash <a href="https://interviewquestions.tuteehub.com/tag/withdrawn-3281170" style="font-weight:bold;" target="_blank" title="Click to know more about WITHDRAWN">WITHDRAWN</a> from Bank <br/><a href="https://interviewquestions.tuteehub.com/tag/sale-1193496" style="font-weight:bold;" target="_blank" title="Click to know more about SALE">SALE</a> of Goods costaing Rs 10,000 for Rs 8,000<br/>Sale of marketable securities for cash </p>Answer :C</body></html>
Discussion
211.

Which of the following is part of Cash and Cash Equivalents?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/cash-910172" style="font-weight:bold;" target="_blank" title="Click to know more about CASH">CASH</a> at Bank<br/>Current Investments<br/>Marketable Securities<br/>All of these</p>Solution :All of these</body></html>
Discussion
212.

Which of the following is not under the heading 'Share Capital' in a Balance Sheet :

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/subscribed-2283768" style="font-weight:bold;" target="_blank" title="Click to know more about SUBSCRIBED">SUBSCRIBED</a> Capital <br/><a href="https://interviewquestions.tuteehub.com/tag/issued-2752319" style="font-weight:bold;" target="_blank" title="Click to know more about ISSUED">ISSUED</a> Capital <br/>Reserve Capital <br/>Authorised Capital </p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :C</body></html>
Discussion
213.

Which of the following is not true in relation to goodwill?

Answer» <html><body><p>It is an <a href="https://interviewquestions.tuteehub.com/tag/intangible-499512" style="font-weight:bold;" target="_blank" title="Click to know more about INTANGIBLE">INTANGIBLE</a> <a href="https://interviewquestions.tuteehub.com/tag/asset-885901" style="font-weight:bold;" target="_blank" title="Click to know more about ASSET">ASSET</a>. <br/>It is a <a href="https://interviewquestions.tuteehub.com/tag/fictitious-987269" style="font-weight:bold;" target="_blank" title="Click to know more about FICTITIOUS">FICTITIOUS</a> asset.<br/>It has a <a href="https://interviewquestions.tuteehub.com/tag/realisable-7708686" style="font-weight:bold;" target="_blank" title="Click to know more about REALISABLE">REALISABLE</a> value.<br/>All of these.</p>Solution :It is a fictitious asset.</body></html>
Discussion
214.

Which of the following is not transferred to Realisation Account ?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/balance-891682" style="font-weight:bold;" target="_blank" title="Click to know more about BALANCE">BALANCE</a> of <a href="https://interviewquestions.tuteehub.com/tag/cash-910172" style="font-weight:bold;" target="_blank" title="Click to know more about CASH">CASH</a> Account<br/>Balance of Reserves<br/>Balance of <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> and <a href="https://interviewquestions.tuteehub.com/tag/loss-1079380" style="font-weight:bold;" target="_blank" title="Click to know more about LOSS">LOSS</a> Account<br/>All of these</p>Solution :All of these</body></html>
Discussion
215.

Which of the following is not true in relation to goodwill ?

Answer» <html><body><p>it is an <a href="https://interviewquestions.tuteehub.com/tag/intangible-499512" style="font-weight:bold;" target="_blank" title="Click to know more about INTANGIBLE">INTANGIBLE</a> <a href="https://interviewquestions.tuteehub.com/tag/asset-885901" style="font-weight:bold;" target="_blank" title="Click to know more about ASSET">ASSET</a><br/>It is a <a href="https://interviewquestions.tuteehub.com/tag/fictitious-987269" style="font-weight:bold;" target="_blank" title="Click to know more about FICTITIOUS">FICTITIOUS</a> asset<br/>It has a <a href="https://interviewquestions.tuteehub.com/tag/realisable-7708686" style="font-weight:bold;" target="_blank" title="Click to know more about REALISABLE">REALISABLE</a> value<br/>All of these</p>Solution :It is a fictitious asset</body></html>
Discussion
216.

Which of the following is not the mode of dissolution of the firm ?

Answer» <html><body><p>By <a href="https://interviewquestions.tuteehub.com/tag/mutual-2850190" style="font-weight:bold;" target="_blank" title="Click to know more about MUTUAL">MUTUAL</a> Agreement<br/>On <a href="https://interviewquestions.tuteehub.com/tag/happing-2691679" style="font-weight:bold;" target="_blank" title="Click to know more about HAPPING">HAPPING</a> of an event<br/>Dissolution by court<br/><a href="https://interviewquestions.tuteehub.com/tag/retirement-1187827" style="font-weight:bold;" target="_blank" title="Click to know more about RETIREMENT">RETIREMENT</a> of a <a href="https://interviewquestions.tuteehub.com/tag/partner-1148214" style="font-weight:bold;" target="_blank" title="Click to know more about PARTNER">PARTNER</a></p>Solution :Retirement of a partner</body></html>
Discussion
217.

Which of the following is not shown is not shown as Non-Current Liabilieties ?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/trade-711631" style="font-weight:bold;" target="_blank" title="Click to know more about TRADE">TRADE</a> <a href="https://interviewquestions.tuteehub.com/tag/payables-1149212" style="font-weight:bold;" target="_blank" title="Click to know more about PAYABLES">PAYABLES</a><br/>Long-<a href="https://interviewquestions.tuteehub.com/tag/term-1241851" style="font-weight:bold;" target="_blank" title="Click to know more about TERM">TERM</a> Borrowings<br/>Deferred <a href="https://interviewquestions.tuteehub.com/tag/tax-1239527" style="font-weight:bold;" target="_blank" title="Click to know more about TAX">TAX</a> Liabilities<br/>Long -term Provisions</p>Solution :Trade Payables</body></html>
Discussion
218.

Which of the following is not Short-term Borrowings ?

Answer» <html><body><p>Deposits<br/>Loan <a href="https://interviewquestions.tuteehub.com/tag/repayable-7708933" style="font-weight:bold;" target="_blank" title="Click to know more about REPAYABLE">REPAYABLE</a> on demands<br/>Bank Overdraft<br/><a href="https://interviewquestions.tuteehub.com/tag/trade-711631" style="font-weight:bold;" target="_blank" title="Click to know more about TRADE">TRADE</a> <a href="https://interviewquestions.tuteehub.com/tag/receivables-1179278" style="font-weight:bold;" target="_blank" title="Click to know more about RECEIVABLES">RECEIVABLES</a></p>Solution :Trade Receivables</body></html>
Discussion
219.

Which of the following is not required to be prepared under the Companies Act

Answer» <html><body><p>A - Statement of Profit and <a href="https://interviewquestions.tuteehub.com/tag/loss-1079380" style="font-weight:bold;" target="_blank" title="Click to know more about LOSS">LOSS</a> <br/>B - Balance Sheet <br/>C - <a href="https://interviewquestions.tuteehub.com/tag/report-25448" style="font-weight:bold;" target="_blank" title="Click to know more about REPORT">REPORT</a> of Director's and Auditor's <br/>D - Funds <a href="https://interviewquestions.tuteehub.com/tag/flow-993213" style="font-weight:bold;" target="_blank" title="Click to know more about FLOW">FLOW</a> Statement</p>Answer :D</body></html>
Discussion
220.

Which of the following is not part of cash Equivalents?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/cash-910172" style="font-weight:bold;" target="_blank" title="Click to know more about CASH">CASH</a> at Bank<br/>Current Investments<br/>Marketable Securities<br/>All of these.</p>Solution :All of these.</body></html>
Discussion
221.

Which of the following is not part of Cash and Cash Equivalents?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/inventories-1050566" style="font-weight:bold;" target="_blank" title="Click to know more about INVENTORIES">INVENTORIES</a><br/>Current Investments<br/>Short-term Deposits<br/>Marketable Securities</p>Solution :Inventories</body></html>
Discussion
222.

Which of the following is not application of cash?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/issue-1052603" style="font-weight:bold;" target="_blank" title="Click to know more about ISSUE">ISSUE</a> of <a href="https://interviewquestions.tuteehub.com/tag/shares-1204908" style="font-weight:bold;" target="_blank" title="Click to know more about SHARES">SHARES</a> <br/>Purchase of Machinery<br/>Sale of <a href="https://interviewquestions.tuteehub.com/tag/asset-885901" style="font-weight:bold;" target="_blank" title="Click to know more about ASSET">ASSET</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/dividend-957360" style="font-weight:bold;" target="_blank" title="Click to know more about DIVIDEND">DIVIDEND</a> received </p>Answer :<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a></body></html>
Discussion
223.

Which of the following is not application of cash

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/increase-1040383" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASE">INCREASE</a> in Debtors <br/>Increase in <a href="https://interviewquestions.tuteehub.com/tag/inventory-1050568" style="font-weight:bold;" target="_blank" title="Click to know more about INVENTORY">INVENTORY</a> <br/>Increase in Bills <a href="https://interviewquestions.tuteehub.com/tag/payable-597657" style="font-weight:bold;" target="_blank" title="Click to know more about PAYABLE">PAYABLE</a> <br/>Increase in <a href="https://interviewquestions.tuteehub.com/tag/prepaid-2227976" style="font-weight:bold;" target="_blank" title="Click to know more about PREPAID">PREPAID</a> Expenses</p>Answer :C</body></html>
Discussion
224.

Which of the following is not Non-Current Assest

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/fixed-457597" style="font-weight:bold;" target="_blank" title="Click to know more about FIXED">FIXED</a> Assets<br/><a href="https://interviewquestions.tuteehub.com/tag/share-25805" style="font-weight:bold;" target="_blank" title="Click to know more about SHARE">SHARE</a> <a href="https://interviewquestions.tuteehub.com/tag/capital-908677" style="font-weight:bold;" target="_blank" title="Click to know more about CAPITAL">CAPITAL</a><br/>Long-term <a href="https://interviewquestions.tuteehub.com/tag/loan-1076737" style="font-weight:bold;" target="_blank" title="Click to know more about LOAN">LOAN</a> and Advances<br/>Non-current investments</p>Solution :Share Capital</body></html>
Discussion
225.

Which of the following is not operating expenses?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/office-1129028" style="font-weight:bold;" target="_blank" title="Click to know more about OFFICE">OFFICE</a> <a href="https://interviewquestions.tuteehub.com/tag/expenses-980258" style="font-weight:bold;" target="_blank" title="Click to know more about EXPENSES">EXPENSES</a> <br/><a href="https://interviewquestions.tuteehub.com/tag/selling-25929" style="font-weight:bold;" target="_blank" title="Click to know more about SELLING">SELLING</a> Expenses<br/>Bad Debts<br/>Loss by Fire</p>Answer :D</body></html>
Discussion
226.

Which of the following is not an feature of partnership?

Answer» <html><body><p>An agreement , <a href="https://interviewquestions.tuteehub.com/tag/oral-583929" style="font-weight:bold;" target="_blank" title="Click to know more about ORAL">ORAL</a> or written , should exist among the partners.<br/>Agreement should be to carry on lawful business.<br/>All the partnershould contribute capital in the <a href="https://interviewquestions.tuteehub.com/tag/firm-989667" style="font-weight:bold;" target="_blank" title="Click to know more about FIRM">FIRM</a>.<br/>There <a href="https://interviewquestions.tuteehub.com/tag/shouldbe-1206499" style="font-weight:bold;" target="_blank" title="Click to know more about SHOULDBE">SHOULDBE</a> at least <a href="https://interviewquestions.tuteehub.com/tag/two-714195" style="font-weight:bold;" target="_blank" title="Click to know more about TWO">TWO</a> partners.</p>Solution :All the partnershould contribute capital in the firm.</body></html>
Discussion
227.

Which of the following is not an essential feature of partnership ?

Answer» <html><body><p>An agreement, oral or written, should <a href="https://interviewquestions.tuteehub.com/tag/exist-979486" style="font-weight:bold;" target="_blank" title="Click to know more about EXIST">EXIST</a> among the <a href="https://interviewquestions.tuteehub.com/tag/partners-1148238" style="font-weight:bold;" target="_blank" title="Click to know more about PARTNERS">PARTNERS</a><br/>Agreement should be to carry on lawful business.<br/>All the partners should <a href="https://interviewquestions.tuteehub.com/tag/contribute-409828" style="font-weight:bold;" target="_blank" title="Click to know more about CONTRIBUTE">CONTRIBUTE</a> capital in the firm<br/>There should be at least <a href="https://interviewquestions.tuteehub.com/tag/two-714195" style="font-weight:bold;" target="_blank" title="Click to know more about TWO">TWO</a> partners.</p>Solution :All the partners should contribute capital in the firm</body></html>
Discussion
228.

Which of the following is not an advantage of computerised accounting system a) Efficient record keeping b) Ensures effective control over the system. c) Generation of reports and information in fixed format d) Economy in the processing of accounting data.

Answer» <html><body><p></p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/c-7168" style="font-weight:bold;" target="_blank" title="Click to know more about C">C</a>) <a href="https://interviewquestions.tuteehub.com/tag/generation-471998" style="font-weight:bold;" target="_blank" title="Click to know more about GENERATION">GENERATION</a> of reports and information in fixed format</body></html>
Discussion
229.

Which of the following is not added as non - cash Expense?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/goodwill-475103" style="font-weight:bold;" target="_blank" title="Click to know more about GOODWILL">GOODWILL</a> amortised<br/>Depreciation<br/><a href="https://interviewquestions.tuteehub.com/tag/interest-13407" style="font-weight:bold;" target="_blank" title="Click to know more about INTEREST">INTEREST</a> on <a href="https://interviewquestions.tuteehub.com/tag/debentures-945417" style="font-weight:bold;" target="_blank" title="Click to know more about DEBENTURES">DEBENTURES</a> <a href="https://interviewquestions.tuteehub.com/tag/paid-1145567" style="font-weight:bold;" target="_blank" title="Click to know more about PAID">PAID</a><br/>All of these.</p>Solution :Interest on debentures paid</body></html>
Discussion
230.

Which of the following is not added as Non-Cash Expense?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/goodwill-475103" style="font-weight:bold;" target="_blank" title="Click to know more about GOODWILL">GOODWILL</a> amortised<br/>Depreciation<br/><a href="https://interviewquestions.tuteehub.com/tag/interest-13407" style="font-weight:bold;" target="_blank" title="Click to know more about INTEREST">INTEREST</a> on <a href="https://interviewquestions.tuteehub.com/tag/debentures-945417" style="font-weight:bold;" target="_blank" title="Click to know more about DEBENTURES">DEBENTURES</a> <a href="https://interviewquestions.tuteehub.com/tag/paid-1145567" style="font-weight:bold;" target="_blank" title="Click to know more about PAID">PAID</a><br/>All of these</p>Solution :Interest on debentures paid</body></html>
Discussion
231.

Which of the following is not a Non - Cash Transaction?

Answer» <html><body><p>Depreciation<br/>Issue of <a href="https://interviewquestions.tuteehub.com/tag/bonus-900742" style="font-weight:bold;" target="_blank" title="Click to know more about BONUS">BONUS</a> <a href="https://interviewquestions.tuteehub.com/tag/shares-1204908" style="font-weight:bold;" target="_blank" title="Click to know more about SHARES">SHARES</a><br/>Issue of Equity Shares for consideration than cash<br/><a href="https://interviewquestions.tuteehub.com/tag/payment-1149239" style="font-weight:bold;" target="_blank" title="Click to know more about PAYMENT">PAYMENT</a> of <a href="https://interviewquestions.tuteehub.com/tag/wages-1448569" style="font-weight:bold;" target="_blank" title="Click to know more about WAGES">WAGES</a></p>Solution :Payment of Wages</body></html>
Discussion
232.

Which of the following is not a Non-Cash Transaction ?

Answer» <html><body><p>Deptreciation<br/>Issue of <a href="https://interviewquestions.tuteehub.com/tag/bonus-900742" style="font-weight:bold;" target="_blank" title="Click to know more about BONUS">BONUS</a> Shares<br/>Issue of <a href="https://interviewquestions.tuteehub.com/tag/equity-974514" style="font-weight:bold;" target="_blank" title="Click to know more about EQUITY">EQUITY</a> Shares for consideration other than cash<br/><a href="https://interviewquestions.tuteehub.com/tag/payment-1149239" style="font-weight:bold;" target="_blank" title="Click to know more about PAYMENT">PAYMENT</a> of <a href="https://interviewquestions.tuteehub.com/tag/wages-1448569" style="font-weight:bold;" target="_blank" title="Click to know more about WAGES">WAGES</a></p>Solution :Payment of Wages</body></html>
Discussion
233.

Which of the following is not a method of valuing goodwill?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/average-13416" style="font-weight:bold;" target="_blank" title="Click to know more about AVERAGE">AVERAGE</a> Profit Method<br/>Super Profit Method<br/>Capitalisation Method<br/><a href="https://interviewquestions.tuteehub.com/tag/discounted-955478" style="font-weight:bold;" target="_blank" title="Click to know more about DISCOUNTED">DISCOUNTED</a> Cash <a href="https://interviewquestions.tuteehub.com/tag/flow-993213" style="font-weight:bold;" target="_blank" title="Click to know more about FLOW">FLOW</a> Method</p>Solution :Discounted Cash Flow Method</body></html>
Discussion
234.

Which of the following is not a method of valuing goodwill ?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/average-13416" style="font-weight:bold;" target="_blank" title="Click to know more about AVERAGE">AVERAGE</a> <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> <a href="https://interviewquestions.tuteehub.com/tag/method-559432" style="font-weight:bold;" target="_blank" title="Click to know more about METHOD">METHOD</a><br/>Super Profit Method<br/>Capitalisation Method<br/>Discounted Cash <a href="https://interviewquestions.tuteehub.com/tag/flow-993213" style="font-weight:bold;" target="_blank" title="Click to know more about FLOW">FLOW</a> Method</p>Solution :Discounted Cash Flow Method</body></html>
Discussion
235.

Which of the following is not a 'Long-term Borrowings' ?

Answer» <html><body><p>Bonds<br/>Debentures<br/>Public Deposits<br/><a href="https://interviewquestions.tuteehub.com/tag/trade-711631" style="font-weight:bold;" target="_blank" title="Click to know more about TRADE">TRADE</a> <a href="https://interviewquestions.tuteehub.com/tag/payables-1149212" style="font-weight:bold;" target="_blank" title="Click to know more about PAYABLES">PAYABLES</a></p>Solution :Trade Payables</body></html>
Discussion
236.

Which of the following is not a limitationof analysis of financial statements ?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/affectedbrbr-2402998" style="font-weight:bold;" target="_blank" title="Click to know more about AFFECTED">AFFECTED</a> by <a href="https://interviewquestions.tuteehub.com/tag/personal-590834" style="font-weight:bold;" target="_blank" title="Click to know more about PERSONAL">PERSONAL</a> bias<br/>To know the <a href="https://interviewquestions.tuteehub.com/tag/financial-988642" style="font-weight:bold;" target="_blank" title="Click to know more about FINANCIAL">FINANCIAL</a> strength<br/>Lack of <a href="https://interviewquestions.tuteehub.com/tag/qualitative-611024" style="font-weight:bold;" target="_blank" title="Click to know more about QUALITATIVE">QUALITATIVE</a> Analysis<br/>Based on accounting concepts</p>Answer :B</body></html>
Discussion
237.

Which of the following is not a limitation of Financial Statement Analysis ?

Answer» <html><body><p>Ignores the Qualitative Elements<br/>Not <a href="https://interviewquestions.tuteehub.com/tag/free-465311" style="font-weight:bold;" target="_blank" title="Click to know more about FREE">FREE</a> from personal bias<br/>Intra - <a href="https://interviewquestions.tuteehub.com/tag/firm-989667" style="font-weight:bold;" target="_blank" title="Click to know more about FIRM">FIRM</a> comparison<br/>Ignores the <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> <a href="https://interviewquestions.tuteehub.com/tag/level-1072714" style="font-weight:bold;" target="_blank" title="Click to know more about LEVEL">LEVEL</a> changes</p>Solution :Ignores the price level changes</body></html>
Discussion
238.

Which ofthe following is not a from of persenting financial analysis :

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/absolute-11456" style="font-weight:bold;" target="_blank" title="Click to know more about ABSOLUTE">ABSOLUTE</a> <a href="https://interviewquestions.tuteehub.com/tag/figure-987693" style="font-weight:bold;" target="_blank" title="Click to know more about FIGURE">FIGURE</a> Comparison<br/>Ratio Method<br/>Cumulative <a href="https://interviewquestions.tuteehub.com/tag/figures-987769" style="font-weight:bold;" target="_blank" title="Click to know more about FIGURES">FIGURES</a> and averages<br/>Annual Report</p>Answer :D</body></html>
Discussion
239.

Which of the followingis not a characteristic of Bearer Debentures ?

Answer» <html><body><p>A - They are treated as negotiable instruments.<br/>B - Their transfer requires a deed of transfer.<br/>C - They are <a href="https://interviewquestions.tuteehub.com/tag/transferable-7384332" style="font-weight:bold;" target="_blank" title="Click to know more about TRANSFERABLE">TRANSFERABLE</a> by mere delievery.<br/>D - The interest on it is <a href="https://interviewquestions.tuteehub.com/tag/paid-1145567" style="font-weight:bold;" target="_blank" title="Click to know more about PAID">PAID</a> to the holder <a href="https://interviewquestions.tuteehub.com/tag/irrespective-2749565" style="font-weight:bold;" target="_blank" title="Click to know more about IRRESPECTIVE">IRRESPECTIVE</a> of identify.</p>Answer :B</body></html>
Discussion
240.

Which of the following is device of comparative statements ?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/comparison-11472" style="font-weight:bold;" target="_blank" title="Click to know more about COMPARISON">COMPARISON</a> <a href="https://interviewquestions.tuteehub.com/tag/expressed-7259249" style="font-weight:bold;" target="_blank" title="Click to know more about EXPRESSED">EXPRESSED</a> in <a href="https://interviewquestions.tuteehub.com/tag/terms-1242559" style="font-weight:bold;" target="_blank" title="Click to know more about TERMS">TERMS</a> of <a href="https://interviewquestions.tuteehub.com/tag/absolute-11456" style="font-weight:bold;" target="_blank" title="Click to know more about ABSOLUTE">ABSOLUTE</a> data<br/>Comparison expressed in terms of percentages<br/>Comparison expressed in terms of ratios<br/>All of the above</p>Answer :D</body></html>
Discussion
241.

Which of the following is incorrect about the statement of cash flows?

Answer» <html><body><p> It provides information about the cash receipt and cash payments of an enterprise. <br/>It reconciles ending cash balance with the balance as <a href="https://interviewquestions.tuteehub.com/tag/per-590802" style="font-weight:bold;" target="_blank" title="Click to know more about PER">PER</a> bank statement. <br/>It provides information about the <a href="https://interviewquestions.tuteehub.com/tag/operating-1136761" style="font-weight:bold;" target="_blank" title="Click to know more about OPERATING">OPERATING</a>, <a href="https://interviewquestions.tuteehub.com/tag/investing-1050800" style="font-weight:bold;" target="_blank" title="Click to know more about INVESTING">INVESTING</a> and financing activities. <br/>It <a href="https://interviewquestions.tuteehub.com/tag/explains-2627999" style="font-weight:bold;" target="_blank" title="Click to know more about EXPLAINS">EXPLAINS</a> the deviation of cash from Earnings. </p>Answer :B</body></html>
Discussion
242.

Which of the following is considered as Cash Equivalents?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/bank-13461" style="font-weight:bold;" target="_blank" title="Click to know more about BANK">BANK</a> deposits for <a href="https://interviewquestions.tuteehub.com/tag/2-283658" style="font-weight:bold;" target="_blank" title="Click to know more about 2">2</a> <a href="https://interviewquestions.tuteehub.com/tag/months-1101351" style="font-weight:bold;" target="_blank" title="Click to know more about MONTHS">MONTHS</a> <br/>Commercial Papers<br/>Trreasury Bills<br/>All of the above </p><a href="https://interviewquestions.tuteehub.com/tag/answer-15557" style="font-weight:bold;" target="_blank" title="Click to know more about ANSWER">ANSWER</a> :D</body></html>
Discussion
243.

Which of the following is an example of cash flow from Operating Activities?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/issue-1052603" style="font-weight:bold;" target="_blank" title="Click to know more about ISSUE">ISSUE</a> of <a href="https://interviewquestions.tuteehub.com/tag/shares-1204908" style="font-weight:bold;" target="_blank" title="Click to know more about SHARES">SHARES</a> <br/>Purchase of Machinery <br/>Purchas·e of Investment <br/>Purchase of <a href="https://interviewquestions.tuteehub.com/tag/inventory-1050568" style="font-weight:bold;" target="_blank" title="Click to know more about INVENTORY">INVENTORY</a> for <a href="https://interviewquestions.tuteehub.com/tag/cash-910172" style="font-weight:bold;" target="_blank" title="Click to know more about CASH">CASH</a> </p>Answer :D</body></html>
Discussion
244.

Whichof the following in nottransferred toRealisationAccount:

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/balance-891682" style="font-weight:bold;" target="_blank" title="Click to know more about BALANCE">BALANCE</a> of <a href="https://interviewquestions.tuteehub.com/tag/cash-910172" style="font-weight:bold;" target="_blank" title="Click to know more about CASH">CASH</a> Account<br/>Balance of Reserves<br/>Balance of <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> &amp; LossAccount<br/>All of theabove</p>Answer :D</body></html>
Discussion
245.

Which of the following factors decreases the value of goodwill?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/favourable-456527" style="font-weight:bold;" target="_blank" title="Click to know more about FAVOURABLE">FAVOURABLE</a> Location<br/>Favourable Contracts<br/>Customer Satisfaction<br/><a href="https://interviewquestions.tuteehub.com/tag/continuously-7269309" style="font-weight:bold;" target="_blank" title="Click to know more about CONTINUOUSLY">CONTINUOUSLY</a> <a href="https://interviewquestions.tuteehub.com/tag/incurring-7689014" style="font-weight:bold;" target="_blank" title="Click to know more about INCURRING">INCURRING</a> <a href="https://interviewquestions.tuteehub.com/tag/losses-544756" style="font-weight:bold;" target="_blank" title="Click to know more about LOSSES">LOSSES</a></p>Solution :Continuously incurring losses</body></html>
Discussion
246.

Which of the following factors decreases the value of goodwill ?

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/favourable-456527" style="font-weight:bold;" target="_blank" title="Click to know more about FAVOURABLE">FAVOURABLE</a> Location<br/>Favourable Contracts<br/>Customer Satisfaction<br/><a href="https://interviewquestions.tuteehub.com/tag/continuously-7269309" style="font-weight:bold;" target="_blank" title="Click to know more about CONTINUOUSLY">CONTINUOUSLY</a> <a href="https://interviewquestions.tuteehub.com/tag/incurring-7689014" style="font-weight:bold;" target="_blank" title="Click to know more about INCURRING">INCURRING</a> <a href="https://interviewquestions.tuteehub.com/tag/losses-544756" style="font-weight:bold;" target="_blank" title="Click to know more about LOSSES">LOSSES</a></p>Solution :Continuously incurring losses</body></html>
Discussion
247.

Which objective is not fulfilled by comparative Statement of Profit & Loss :

Answer» <html><body><p>To compare the items of Statement of <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> &amp; <a href="https://interviewquestions.tuteehub.com/tag/loss-1079380" style="font-weight:bold;" target="_blank" title="Click to know more about LOSS">LOSS</a> of two years<br/>To know the absolute changes in items of Statement of Profit &amp; Loss<br/>To <a href="https://interviewquestions.tuteehub.com/tag/show-642916" style="font-weight:bold;" target="_blank" title="Click to know more about SHOW">SHOW</a> the change in financial position<br/>To know the percentage changes in items of Statement of Profit &amp; Loss</p>Answer :C</body></html>
Discussion
248.

Which objective is not fulfilled by comparative financial statement :

Answer» <html><body><p><a href="https://interviewquestions.tuteehub.com/tag/indicate-514596" style="font-weight:bold;" target="_blank" title="Click to know more about INDICATE">INDICATE</a> the extent of change in assets and liabilities <br/>Indicate the extent of change in <a href="https://interviewquestions.tuteehub.com/tag/items-1052972" style="font-weight:bold;" target="_blank" title="Click to know more about ITEMS">ITEMS</a> of Statement of <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> &amp; Loss<br/>Show effect of operative activities on assets and liabilities<br/>Show the <a href="https://interviewquestions.tuteehub.com/tag/direction-1696" style="font-weight:bold;" target="_blank" title="Click to know more about DIRECTION">DIRECTION</a> of change in assets and liabilities</p>Answer :B</body></html>
Discussion
249.

Which item is assumed to be 100 while preparing Common-Size Statement of Profit and Loss?

Answer» <html><body><p></p>Solution :Revenue from Operation is assumed to be 100 while <a href="https://interviewquestions.tuteehub.com/tag/preparing-2949211" style="font-weight:bold;" target="_blank" title="Click to know more about PREPARING">PREPARING</a> Common-size Statement of <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a> and <a href="https://interviewquestions.tuteehub.com/tag/loss-1079380" style="font-weight:bold;" target="_blank" title="Click to know more about LOSS">LOSS</a>.</body></html>
Discussion
250.

Which Companies are exempted from creating 'Debenture Redemption Reserve' by the SEBI?

Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :(i) Debentures issued by All <a href="https://interviewquestions.tuteehub.com/tag/india-54" style="font-weight:bold;" target="_blank" title="Click to know more about INDIA">INDIA</a> Financial Institutions, and <br/> (<a href="https://interviewquestions.tuteehub.com/tag/ii-1036832" style="font-weight:bold;" target="_blank" title="Click to know more about II">II</a>) Banking <a href="https://interviewquestions.tuteehub.com/tag/companies-25572" style="font-weight:bold;" target="_blank" title="Click to know more about COMPANIES">COMPANIES</a>.</body></html>
Discussion