Financial Accounts

M

Mr. Dubey • 51.32K Points
Coach

Q 1. Preliminary Expenses are shown in

(A) Liability side
(B) Asset side
(C) Debit side of P & L Account
(D) Credit side of P & L Account
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M

Mr. Dubey • 51.32K Points
Coach

Q 2. Interest accrued and not due on unsecured loan is shown under the head

(A) Secured Loan
(B) Unsecured loan
(C) Current Liability
(D) None of the Above
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M

Mr. Dubey • 51.32K Points
Coach

Q 3. Interest accrued and not due is shown under the head

(A) Secured Loan
(B) Unsecured loan
(C) Current Liability and Provision
(D) None of the Above
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M

Mr. Dubey • 51.32K Points
Coach

Q 4. Bank Over draft is shown under the head

(A) Secured Loan
(B) Unsecured loan
(C) Current Liability and Provision
(D) Capital Account
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M

Mr. Dubey • 51.32K Points
Coach

Q 5. Debenture discount is shown under the head

(A) Current Liability
(B) Current Asset
(C) Trading Account
(D) Profit and Loss Account
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M

Mr. Dubey • 51.32K Points
Coach

Q 6. Unclaimed dividend is shown under the head

(A) Current Liability
(B) Current Asset
(C) Trading Account
(D) Profit and Loss Account
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M

Mr. Dubey • 51.32K Points
Coach

Q 7. For preparing Final Accounts, Preliminary expense not written off is shown in

(A) Balance Sheet
(B) Trading Account
(C) P & L Account
(D) General Reserve
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M

Mr. Dubey • 51.32K Points
Coach

Q 8. Forfeited Call on shares is shown in

(A) Capital Account
(B) Debit side of P & L Account
(C) Credit side of P & L Account
(D) Capital Reserve
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M

Mr. Dubey • 51.32K Points
Coach

Q 9. Prepaid Income Tax is shown in

(A) Asset side
(B) liabiolities side
(C) Debit side of P & L Account
(D) credit side of P & L Account
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M

Mr. Dubey • 51.32K Points
Coach

Q 10. Bonus to existing shareholders is paid to them

(A) in cash
(B) in the form of debenture
(C) in the form of the share
(D) none of tese
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