Multiple Choice
Which of the following would not appear in a limited company's surplus/Deficit statement
A) Transfer to revaluation reserve
B) Provision for taxation
C) Interim dividends
D) Transfer to general reserve
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Debentures are shown in the B/S under
Q2: Which of the following item will be
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