Multiple Choice
Premium on issue of shares can be used for -----------.
A) distribution of dividend
B) writing off capital losses
C) transferring to general reserve
D) paying fees to directors
Correct Answer:
Verified
Correct Answer:
Verified
Q48: For providing depreciation on leasehold property, the
Q49: Share allotment account is a ------------------<br>A)Personal Account<br>B)Real
Q50: Debenture is treated in books of account
Q51: The amount of depreciation charged on a
Q52: Amortization applies to<br>A)Current assets.<br>B)Wasting assets.<br>C)Intangible assets.<br>D)Fixed assets
Q54: Shareholder's funds include:<br>A)Equity share capital and General
Q55: In case of Annuity Method, the amount
Q56: Loss of usefulness occasioned by improved production
Q57: AS 6 revised is an accounting standard
Q58: Income tax authorities recognize this method _<br>A)Straight