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1.

As per companies Act, the Balance Sheet of a company is required to presented in ..........A. Horizontal FormB. Vertical FormC. Either Horizontal or Vertical FormD. Neither of the above

Answer» Correct Answer - B
Discussion
2.

50,000, 9% Debentures redeemable within 12 months of the date of Balance Sheet will be shown under :A. Short-term BorrowingsB. Short-term ProvisionC. Other Current LiabilityD. Trade Paybles

Answer» Correct Answer - C
Discussion
3.

Share Capital of a Company consists of 5,00,000 Shares of Rs. 10 each, Rs. 8 called up. All the shareholders have duly paid the called up amount. Share capital will be shown as :A. Subscribed and Fully PaidB. Subscribed but not fully paidC. Any pf the aboveD. None of the above

Answer» Correct Answer - B
Discussion