( Best Advanced Accounting-II MCQ+ )

by Mr. DJ

Advanced Accounting-II MCQ | T.Y. B.Com. Sem-III Subject: –

Table of Contents

Advanced Accounting-II MCQ | T.Y. B.Com. Sem-III Subject: -

Advanced Accounting-II MCQ | T.Y. B.Com. Sem-III Subject: –

51) Under amalgamation / absorption payment of contingent liability is debited to ………….

a) Profit & Loss A/c

b) Capital Reduction A/c

c) Goodwill A/c

d) Realisation A/c

 

 

52) In case of Internal Reconstruction payment of contingent liability is debited to ………….

a) Profit & Loss A/c

b) Capital Reduction A/c

c) Realisation A/c

d) Other

 

 

53) Any gain on payment of liability under External Reconstruction is credited to …………..

a) Capital Reserve A/c

b) Capital Reduction A/c

c) Realisation A/c

d) Profit & Loss A/c

 

 

54) Realisation of unrecorded asset under absorption is credited to ……………

a) Capital Reserve A/c

b) Profit & Loss A/c

c) Realisation A/c

d) Capital Reduction A/c

 

 

55) Realisation of unrecorded asset under Internal Reconstruction is credited to …………..

a) Capital Reserve A/c

b) Profit & Loss A/c

c) Realisation A/c

d) Capital Reduction A/c

 

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56) Increase in value assets under Internal Reconstruction is credited to …………..

a) Profit & Loss A/c

b) Capital Reduction A/c

c) Realisation A/c

d) Other

 

 

 

57) Decrease in Value assets under Internal Reconstruction is debited to …………..

a) Capital Reserve A/c

b) Profit & Loss A/c

c) Realisation A/c

d) Capital Reduction A/c

 

 

58) Increase in Value liability under Internal Reconstruction is debited to …………..

a) Profit & Loss A/c

b) Goodwill A/c

c) Capital Reduction A/c

d) None

 

 

59) Decrease in value liability under Internal Reconstruction is credited to …………..

a) Profit & Loss A/c

b) Capital Reduction A/c

c) Realisation A/c

d) Capital Reserve A/c

 

 

60) Reserve for doubtful debt on debtors under internal Reconstruction is debited to ………………..

a) Profit & Loss A/c

b) Goodwill A/c

c) Capital Reduction A/c

d) None

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