Menu Close

CA Foundation Accounts - All Chapters

CA Foundation - Principles and Practice of Accounting  - All Chapters Consolidated Quiz

1 / 10

Rs. 200 paid as wages for erecting a machine should be debited to

2 / 10

Insurance claim received on account of machinery damaged completely by fire is

3 / 10

The amount of purchase if
Cost of goods sold is Rs. 80,700
Opening Inventory Rs. 5,800
Closing Inventory Rs. 6,000

4 / 10

PQ draws a bill on XY for Rs. 130,000 on 1.1.2017. X accepts the same on 4.1.2017 for period of 3 months after date. What will be the maturity date of the bill:

5 / 10

A purchased a car for Rs. 5,00,000, making a down payment of Rs. 1,00,000 and signing a Rs. 4,00,000 bill payable due in 60 days. As a result of this transaction

6 / 10

All of the following are valuation principles except

7 / 10

A company purchased a machinery on April 01, 2010, for Rs. 15,00,000. It is estimated that the machinery will have a useful life of 5 years after which it will have no salvage value. The depreciation charged during the year 2014-15 was

8 / 10

Goods purchased Rs. 1,00,000. Sales Rs. 90,000. Margin 20% on cost. Closing Inventory = ?

9 / 10

Average Inventory = Rs. 12,000. Closing Inventory is Rs. 3,000 more than opening Inventory. The value of closing Inventory = ______.

10 / 10

Rs. 200 received from Smith whose account, was written off as a bad debt should be credited to:

Your score is

0%

Leave a Reply

Your email address will not be published. Required fields are marked *