Multiple Choice
Which of the following item will be taken in the surplus statement
A) Provision for taxation
B) Transfer to sinking fund
C) Contribution to PF
D) Preliminary expenses written off
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Debentures are shown in the B/S under
Q3: Which of the following would not appear
Q4: loose tools are shown in the B/S
Q5: The original cost at which an asset
Q6: Depreciation is<br>A)An accounting necessity only<br>B)Tax necessity only<br>C)Tax
Q7: Capital account is a<br>A)Fictitious account<br>B)Personal account<br>C)Liability account<br>D)Nominal
Q8: According to which concept, proprietor of a
Q9: The process of converting foreign subsidiary financial
Q10: Divisible profit do not include<br>A)Insurance fund<br>B)Reserve fund,<br>C)profit
Q11: Revenue is generally recognized as being earned