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CA Foundation Accounting

Excellent commerce point > CA Foundation Accounting
Partnership and LLP Accounts
29
May

Partnership and LLP Accounts Which document is created to outline the rights and duties of partners?a) Memorandum of Associationb) Articles of Associationc) Partnership Deed d) LLP Agreement In the absence of a partnership deed, partners share profits and losses:a) Equally b) In capital ratioc) Based on aged) Based on experience Which account is not prepared […]

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Tags: Admission of Partner , ca foundation , CA Foundation Accounting , CA Foundation Business Law , CA Foundation MCQs , CA Foundation Practice Questions , Limited Liability Partnership , LLP Accounts , Partnership Accounts , Partnership Deed , Profit Sharing Ratio , Retirement of Partner , Revaluation Account ,
Preparation of Final Accounts & Sole Proprietor
29
May

Preparation of Final Accounts & Sole Proprietor 1. Final accounts include which of the following?A. Trial BalanceB. LedgerC. Trading and Profit & Loss Account and Balance SheetD. Cash BookAnswer: C 2. The main objective of preparing final accounts is to find out:A. Net SalesB. Financial Position and Profit or LossC. Cash in handD. Number of […]

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Tags: Accounting MCQs for CA , CA Foundation Accounting , CA Foundation Chapter 7 , CA Foundation Final Accounts MCQs , CA Foundation Practice Questions , Final Accounts for CA Exam , Final Accounts Multiple Choice Questions , Sole Proprietorship Questions , Trading and Profit & Loss Account MCQs ,
Cash book Questions & Answers​
29
May

Cash book Questions & Answers 1. What is a Cash Book? Answer:A Cash Book is a financial journal that records all cash receipts and payments, including bank transactions. It serves as both a journal and a ledger for cash transactions. 2. How many types of cash books are there? Answer:There are three types of cash […]

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Tags: Accounting Basics , Bank Column , CA Foundation Accounting , CA Foundation Cash Book , Cash Book Format , Cash Book MCQs , Cash Book Practice Questions. , Cash Book Questions and Answers , Journal and Ledger , Petty Cash , Triple Column Cash Book ,
Subsidiary Books – MCQs
29
May

Subsidiary Books – MCQs Q1. Which of the following is not a subsidiary book?A. Purchase BookB. Sales BookC. Journal ProperD. Trial Balance Answer: D. Trial Balance Q2. Cash Book is a type of:A. LedgerB. Subsidiary BookC. Journal ProperD. Memorandum Book Answer: B. Subsidiary Book Q3. The purchase return book is used to record:A. All purchasesB. […]

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Tags: Accounting MCQs , CA Foundation Accounting , CA Foundation Exam Prep , CA Foundation Subsidiary Books , Cash Book Questions , Journal Proper MCQs , Petty Cash Book , Purchases Book MCQs , Sales Book MCQs , Subsidiary Books , Subsidiary Books Practice ,
Trial Balance – MCQs with Answers
29
May

Trial Balance – MCQs with Answers Q1. What is a trial balance?A. A statement showing balances of all ledger accountsB. A summary of cash transactionsC. A financial statementD. None of the above Answer: A Q2. A trial balance is prepared to:A. Prepare final accountsB. Detect arithmetic errorsC. Check the accuracy of ledger postingsD. All of the […]

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Tags: Accounting MCQs , CA Exam Preparation , CA Foundation Accounting , CA Foundation Trial Balance MCQs , Suspense Account MCQs , Trial Balance CA Foundation , Trial Balance Errors , Trial Balance Format , Trial Balance Practice Questions , Trial Balance Questions and Answers ,