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1.

Shares on which the company has not called the entire nominal value is shown in the Note to Accounts on Share Capital under Subscribed Capital as:A. Subscribed and fully paid-up,B. Subscribed but not fully paid-up,C. None of the above,D. Any of the above.

Answer» Correct Answer - B
N/a
Discussion
2.

Shares on which the company has called the entire nominal value and has also received it is shown in the Notes to Accounts on Share Capital under Subscribed Capital as:A. Subscribed and fully paid-up,B. Subscribed but not fully paid-up,C. None of the above,D. Any of the above.

Answer» Correct Answer - A
N/a
Discussion
3.

Dividend is paid on:A. Authorised Capital,B. Issued Capital,C. Subscribed Capital that is Paid-up,D. None of the above.

Answer» Correct Answer - C
Subscribed Capital that is Paid-up,
Discussion
4.

Shares on which the company has called the entire nominal value but has not received final call of Rs 2 on 500 shares, the shares on which the final call is not received are shown in the Note to Accounts on Share Capital under Subscribed Capital as:A. Subscribed and fully paid-up,B. Subscribed but not fully paid-up,C. None of the above,D. Any of the above.

Answer» Correct Answer - B
N/a
Discussion
5.

Carriage Inwards is shown in the Statement of Profit and Loss under:A. Cost of Materials Consumed,B. Other Expenses,C. Employees Benefit Expenses,D. Any of the above.

Answer» Correct Answer - B
N/a
Discussion
6.

Revenue from sale of Stock-in-Trade is shown in the Statement of Profit and Loss as:A. Revenue from Operations,B. Other Income.C. Any of the above,D. None of the above.

Answer» Correct Answer - A
N/a
Discussion
7.

1,000, 10% Debentures of Rs 100 each out of 10,000, 10% Debentures are redeemable within the 12 months of the date of Balance Sheet. They will be shown in the Current Liabilities as:A. Short-term Borrowings,B. Other Current Liabilities,C. Trade Payables,D. Short-term Provisions.

Answer» Correct Answer - B
N/a
Discussion