Q. Preliminary Expenses are shown in
✅ Correct Answer: (B)
Asset side
Financial Accounts MCQs and Notes
Q. Interest accrued and not due on unsecured loan is shown under the head
✅ Correct Answer: (B)
Unsecured loan
Q. Interest accrued and not due is shown under the head
✅ Correct Answer: (C)
Current Liability and Provision
Q. Bank Over draft is shown under the head
✅ Correct Answer: (C)
Current Liability and Provision
Q. Debenture discount is shown under the head
✅ Correct Answer: (D)
Profit and Loss Account
Q. Unclaimed dividend is shown under the head
✅ Correct Answer: (A)
Current Liability
Q. For preparing Final Accounts, Preliminary expense not written off is shown in
✅ Correct Answer: (A)
Balance Sheet
Q. Forfeited Call on shares is shown in
✅ Correct Answer: (A)
Capital Account
Q. Bonus to existing shareholders is paid to them
✅ Correct Answer: (C)
in the form of the share