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Class 12 Accountancy
Financial Statements Of A Company
Quiz 2
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The term current assets includes :
0%
Stock
0%
Debtors
0%
Cash
0%
All of these
Explanation
All of these
Which of the following is not a part of financial statement of a company ?
0%
Profit & Loss A/c
0%
Balance Sheet
0%
Ledger Account
0%
Cash Flow Statement
Explanation
Ledger Account
Under which heading of Balance Sheet is general reserve shown:
0%
Miscellaneous Expenditure
0%
Share Capital
0%
Reserves & Surplus
0%
None of these
Explanation
Reserves & Surplus
Current Assets on the Assets side of Balance Sheet of a Company includes:
0%
Sundry Debtors
0%
Cash in hand
0%
Stock
0%
All of these
Explanation
All of these
As per provisions of Companies Act, 2013 under which Section, the final accounts of a company is prepard :
0%
128
0%
210
0%
129
0%
212
Explanation
129
According to which part of Schedule III of the Indian Companies Act, 2013, Indian companies have to prepare Balance Sheet:
0%
Part 1
0%
Part 2
0%
Part 3
0%
Part 4
Explanation
Part 1
Balance sheet of companies is now prepared in :
0%
Horizontal Form
0%
Vertical Form
0%
Either (a) or (b) Form
0%
None of these
Explanation
Vertical Form
Goodwill of a company is shown on the assets side of the Balance Sheet under the head.
0%
Current Assets
0%
Non-current Assets
0%
Miscellaneous Expenditure
0%
None of these
Explanation
Non-current Assets
The form of Balance Sheet as per Companies Act, 2013 is:
0%
Horizontal
0%
Horizontal or Vertical
0%
Vertical
0%
None of these
Explanation
Vertical
Which of the following assets is not shown undeer the head ‘Fixed Asset’ in the Balance Sheet ?
0%
Goodwill
0%
Bills Receivable
0%
Buildings
0%
Vehicle
Explanation
Bills Receivable
Securities Premium Account is shown on the liabilities side in the Balance Sheet Under heading
0%
Reserves and Surplus
0%
Current Liabilities and Provisions
0%
Share Capital
0%
Contingent Liabilities
Explanation
Reserves and Surplus
Debentures are shown in the Balance Sheet under the head of:
0%
Short-term Loan
0%
Secured Loan
0%
Current Liability
0%
Share Capital
Explanation
Secured Loan
Divident is usually paid :
0%
On Authorised Capital
0%
On Ussued Capital
0%
On Paid-up Capital
0%
On Called-up Capital
Explanation
On Paid-up Capital
Amount set aside to meet losses due to bad debts is called:
0%
Reserve
0%
Provision
0%
Liability
0%
None of these
Explanation
Provision
Which Section of the Companies Act, 2013 requires that the Balance Sheet to be prepared in prescribed form ?
0%
Section 128
0%
Section 130
0%
Section 129
0%
Section 212
Explanation
Section 129
The prescribe from the Balance Sheet has given in the Schedule:
0%
VI Part I
0%
VI Part II
0%
III Part I
0%
VII Part IV
Explanation
III Part I
Share capital is shown in Balance Sheet under. the head ?
0%
Authorised Capital
0%
Issued Capital
0%
Paid-up Capital
0%
Shareholders’ Funds
Explanation
Shareholders’ Funds
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