ICWAI - Financial Accounting Paper 5 Online Test

Trial Balance will not disclose errors of omission.


Inauguration expenses on opening of a new Branch of an existing business will be


Which of the following Statement is False:


Dual concept in accounting results in the following equation :


The capital of a Company comprises of equity shares of ` 10 each amounting to ` 10 lakhs and 10% Preference Share of ` 2 lakhs. Profit after tax for the year is ` 4 lakhs. Dividend declared is @ 25% and current market price of Equity Share is 80 each. The Price-earning ratio is


A) Balance sheet is prepared on a Particular date.

B) Balance sheet is prepared for a particular period.


Bank reconciliation statement is a Part of:


Salary Paid during the year: 10000

Salary due in the beginning: 2000

Salary due at the end: 1000

Salary of current year received in previous year: 1000.

From the above details, find salary debited to income and expenditure account?


Which of the following is a Capital receipt?


A) Advertisement Expenses is a Deffered Revenue Expenditure if benefit is spread over a long period.

B) Advertisement Expenses is a Revenue Expenditure if benefit is realised in current year only.


Which of the Following Statement is False about Income and Expenditure Account?



















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Online test for icwai inter stage I students:
Prepared by Kumar Nirmal Prasad
Phone no: 9577097967
website: cptcwa.blogspot.in
dynamictutorial.blogspot.in

Add: Dr N.B. Road Nepali shiv mandir
tinsukia, Assam - 786125

Add: Dr N.B. Road Nepali shiv mandir
tinsukia, Assam - 786125

Add: Dr N.B. Road Nepali shiv mandir
tinsukia, Assam - 786125

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Jackle Wackle

really tough

1930 days 23 hours 2 minutes ago

kumar nirmal prasad
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