The term current assets includes :
  • Stock
  • Debtors
  • Cash
  • All of these
Which of the following is not a part of financial statement of a company ?
  • Profit & Loss A/c
  • Balance Sheet
  • Ledger Account
  • Cash Flow Statement
Under which heading of Balance Sheet is general reserve shown:
  • Miscellaneous Expenditure
  • Share Capital
  • Reserves & Surplus
  • None of these
Current Assets on the Assets side of Balance Sheet of a Company includes:
  • Sundry Debtors
  • Cash in hand
  • Stock
  • All of these
As per provisions of Companies Act, 2013 under which Section, the final accounts of a company is prepard :
  • 128
  • 210
  • 129
  • 212
According to which part of Schedule III of the Indian Companies Act, 2013, Indian companies have to prepare Balance Sheet:
  • Part 1
  • Part 2
  • Part 3
  • Part 4
Balance sheet of companies is now prepared in :
  • Horizontal Form
  • Vertical Form
  • Either (a) or (b) Form
  • None of these
Goodwill of a company is shown on the assets side of the Balance Sheet under the head.
  • Current Assets
  • Non-current Assets
  • Miscellaneous Expenditure
  • None of these
The form of Balance Sheet as per Companies Act, 2013 is:
  • Horizontal
  • Horizontal or Vertical
  • Vertical
  • None of these
Which of the following assets is not shown undeer the head ‘Fixed Asset’ in the Balance Sheet ?
  • Goodwill
  • Bills Receivable
  • Buildings
  • Vehicle
Securities Premium Account is shown on the liabilities side in the Balance Sheet Under heading
  • Reserves and Surplus
  • Current Liabilities and Provisions
  • Share Capital
  • Contingent Liabilities
Debentures are shown in the Balance Sheet under the head of:
  • Short-term Loan
  • Secured Loan
  • Current Liability
  • Share Capital
Divident is usually paid :
  • On Authorised Capital
  • On Ussued Capital
  • On Paid-up Capital
  • On Called-up Capital
Amount set aside to meet losses due to bad debts is called:
  • Reserve
  • Provision
  • Liability
  • None of these
Which Section of the Companies Act, 2013 requires that the Balance Sheet to be prepared in prescribed form ?
  • Section 128
  • Section 130
  • Section 129
  • Section 212
The prescribe from the Balance Sheet has given in the Schedule:
  • VI Part I
  • VI Part II
  • III Part I
  • VII Part IV
Share capital is shown in Balance Sheet under. the head ?
  • Authorised Capital
  • Issued Capital
  • Paid-up Capital
  • Shareholders’ Funds
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