Financial Accounts Mock Test

Refer to Financial Accounts Mock Test below. Students of BCom Financial Accounts can do the below online test and refer to the full list of free Financial Accounts BCom Mock Online Test provided below. These online Mock tests for BCom Financial Accounts have been designed based on the pattern of questions expected to come in the upcoming examinations and the latest syllabus. This Financial Accounts Mock Test is a free online mock practice test based on the important multiple choice questions (MCQs) from your BCom syllabus. The test for the topic Financial Accounts includes a series of carefully selected questions with four options each as you can see below. Whether you’re a first-year, second-year, or final-year BCom student, this test will help you revise key questions that are likely to appear in your semester exams or university assessments.

Online Mock Test for BCom Financial Accounts

In the Mock test for BCom Financial Accounts you can see the list of questions below with options out of which you have to select one correct answer and after completing the test you can check your answers and score. This mock test will help students to check understanding of all topics in Financial Accounts. Mock tests for Financial Accounts are a proven way to boost BCom exam performance. The more you practice, the more confident you become in your exams. Our BCom: Financial Accounts Online Mock Test will help you understand the subject better and prepare for exams more effectively

BCom Financial Accounts Mock Test

1. In order to find out additional capital of any partner as per surplus capital method of a particular partner whose proportional capital compared to other partner's capital is

2. Redeemable Preference Shares can not redeemed at

3. Forfeited Call on shares is shown in

4. If there is Debit balance of any one partner's capital account the same will be distributed amongst the remaining partners

5. The premium paid on redeemption of Preference Shares is provided from

6. Debenture discount is shown under the head

7. In piecemeal Distribution according to Surplus capital method, final deficit of each partner

8. A company can issue bonus share out of the following

9. Bank Over draft is shown under the head

10. Preliminary Expenses are shown in

11. Interest accrued and not due on unsecured loan is shown under the head

12. Minimum time period for two bonus issue must be

13. company can issue bonus share out of source of

14. The maximum rate of interest received by a company on Calls-in-arrears as per Table 'A' is

15. Interest accrued and not due is shown under the head

16. When the amount of premium on forfeited shares has not been received, then with the proportionate amount of premium

17. Unclaimed dividend is shown under the head

18. The profit earned from the date of purchase till incorporation is considered as

19. When Forfeited shares are reissued, then the discount allowed should be the amount received from old share holders

20. Prepaid Income Tax is shown in

21. When shares have been issued at discount, then the proportionate amount of discount on forfeited shares should be

22. Director's salary is divided between prior period and post incorporation period in

23. When shares are Forfeited, then the amount called up on Forfeited shares is debited to

24. when company issues bonus share then its share price immediately

25. When a company pays remuneration to its promoters by issuing shares to them, then

26. Preliminary expenses are apportioned between two periods in

27. According to Table 'A', a company can charge annual interest on calls-in-arrears at

28. When shares are to be redeemed out of profits, a sum equal to nominal amount of shares redeemed is to be transferred to

29. Salesmen's salary is divided between two periods in

30. Under Section 80, Preference Shares are redeemed out of amount received from

31. The Companies Act provides that minimum amount of of the face value of shares must be paid along with the application

32. Before distributing cash amongst partners whatever profit or loss and reserves as per the balance sheet

33. Bonus to existing shareholders is paid to them

34. If there is a loss prior to incorporation, it will be debited to

35. According to Table 'A', annual interest on calls-in-advance should be

36. The maximum rate of interest paid by a company on Calls- in-advance as per Table 'A' is

37. Profit of post-incorporation period is called

38. When all the Forfeited shares are not reissued, then the proportionate amount in must be kept in that account

39. Depreciation is calculated on the asset purchased by company in

40. For preparing Final Accounts, Preliminary expense not written off is shown in

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BCom Mock online test Financial Accounts

The above link for Financial Accounts Mock Test will help you to check your understanding of all important concepts which have been prepared based on latest BCom syllabus. The free online mock tests for Financial Accounts should be used by BCom students to check their understanding. We bring here the biggest collection of Financial Accounts BCom MCQ Test to help you prepare properly and get highest rank in exams. Students can attempt the mock tests for BCom as many number of times as these mock online tests for BCom Financial Accounts have been developed by our teachers after thorough review of the latest book and based on pattern of questions in upcoming exams.

How to improve your preparation with BCom Financial Accounts Mock Test?

The Financial Accounts mock online tests for BCom has been designed by our teachers to improve your understanding of this chapter. These online mock tests are structured so that it feels like real exam condition for students so that they can build their confidence and accuracy of answers. By daily practicing these MCQ based questions for BCom with answers students will be able to identify key topics to focus on and improve performance. The mock tests have been updated as per the latest NCERT book for BCom to help in your exam preparation.

Why choose to do Financial Accounts Mock Test?

Daily practicing the Financial Accounts mock tests for BCom has several benefits as they help to familiarize students with important concepts and effective time management skills. Each mock test for chapter Financial Accounts given above includes a variety of questions that  have been selected from Question Papers for BCom and cover all important topics so that you have full preparation. After completing the Financial Accounts Mock Test, students can review the answers to identify mistakes and improve further. Access these free online mock tests anytime and take a step closer to achieving excellence in your BCom exams.

How to do Mock Test for BCom Financial Accounts?

Follow these simple steps to attempt the test:
a. The Financial Accounts Mock Test has 30-50 questions for students as per BCom Sample Papers pattern.
b. Each Financial Accounts question has four options, students of must read the question carefully and choose the correct answer.
c. Answer all questions given above for Financial Accounts Mock Test.
d. Once you have answered all the Financial Accounts MCQ based questions, click on the Submit button.
e. Your score of Online test for Financial Accounts Mock Test will be shown instantly above.
f. To check your mistakes in MCQ based test for Financial Accounts in BCom for , scroll up and see the correct answers.
g. You can attempt the Financial Accounts Mock Test as many times to improve your score in BCom exams.

Are these BCom mock tests free?

Yes, all BCom Online Mock Tests are completely free for students.

How many times can I attempt a BCom online test?

There is no limit to the number of attempts and you can practice BCom online tests as many times as you want.

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No, no signup is required to attempt our BCom mock tests and direct access is available.

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Yes, our platform is mobile-friendly and you can do BCom online mock tests anytime, anywhere.

Are the BCom questions updated regularly?

Yes, we continuously update our BCom question bank to align with the latest syllabus and exam patterns.