Financial Accounts

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
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

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
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

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
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

Q 4. Bank Over draft is shown under the head

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

Share in MCQ Buddy Groups

Share

Q 5. Debenture discount is shown under the head

(A) Current Liability
(B) Current Asset
(C) Trading Account
(D) Profit and Loss Account
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

Q 6. Unclaimed dividend is shown under the head

(A) Current Liability
(B) Current Asset
(C) Trading Account
(D) Profit and Loss Account
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

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
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

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
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

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
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

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
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share