Multiple Choice
On amalgamation, Share issue Expenses A/c appearing on Assets side of the balance sheet of the vendor company
A) is closed by debit to Realisation A/c
B) is closed by debit to Equity Shareholders A/c
C) is closed by debit to Profit & Loss A/c
D) is closed by credit to Equity Shareholders A/c
Correct Answer:
Verified
Correct Answer:
Verified
Q2: On amalgamation, if the dissolution expenses are
Q3: The Charter document or the formation document
Q4: Single entry system contains<br>A)All the relevant accounts<br>B)Only
Q5: When closing capital is less than opening
Q6: In absence of LLP agreement the mutual
Q7: Businessmen may intentionally not maintain proper accounts<br>A)to
Q8: If Building (closing) Rs.100,000, Land (opening) Rs.
Q9: If opening capital is Rs.10,000 & closing
Q10: Prepaid expenses are shown under<br>A)Loans and advances
Q11: _is a person who is designated as