Exam 44: Depreciation and Reserves: Understanding the Accounting Concepts

A document which gives company's relationship with outside world is called:

The portion of the Authorized Capital which can be called-up only on the liquidation of the Company is called:

These reserves are not shown in the balance sheet:

The interest lost on the acquisition of an asset is taken into account in calculating depreciation in:

A situation where accompany receives application for a greater number of shares than offered to the public for s7ubscription is termed as:

Transferability of share is permitted by:

If a share of Rs.10, on which Rs. 6 has been paid, is forfeited, it can be reissued at the minimum price of:

A company is allowed by law to sell 200 000 shares at Rs.2.00 each. Three-quarters (3/4) of these shares were bought by the public. What is the issued share capital?

Which of the following fixed asset is not depreciated in ordinary circumstances:

If debentures of the nominal value of Rs. 1,00,000 are issued at discount of 10% for net assets worth Rs. 80,000, the balance of Rs. 10,000 will be debited to:

A machine is purchased at a cost of Rs. 5,00,000. Its useful life is 5 years with a scrap value of Rs. 50,000. It is sold for Rs. 40,000 at the end of 5 years. The profit or loss on the sale would be:

The amount paid as premium for an insurance policy taken for redemption of debentures is credited at the end of the accounting period to:

Which among the following is not a reason for depreciation?

A reserve is created but its identity is merged with some other account or group of accounts so that the existence of the reserve is not known:

As per section 78 of Company's Act amount collected as premium on securities cannot be utilized for:

Human resource accounting attempts to place a value on:

Premium received on issue of shares is shown on-----------.

The amount of capital that a company can issue at par value is called:

Depreciation helps in determining