Class 12 Accountancy - Company Accounts and Analysis of Financial Statements - Chapter 3: Financial Statements of a Company MCQ Questions

9 Questions 18 Minutes

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Your Class 12 Accountancy - Company Accounts and Analysis of Financial Statements Study Path

Question 1

Preliminary expense are required to be written off within _______ from the date of incurring.

A three years

B same year

C five years

D one year

Question 2

Claims against the company not acknowledged as debts is shown under

A contintent liabilities

B commitments

C non-current liabilities

D current liabilities

Question 3

Capital Reserve will be shown under

A deferred tax liabilities

B reserves and surplus

C share capital

D current liabilities

Question 4

Which of the following item will not appear under short term provisions

A Provision for doubtful debts

B Provision for retirement benefits

C Proposed Dividend

D Provision for tax

Question 5

Goodwill appears in a companyâ€™s balance sheet under

A Tangible assets

B Intangible assets

C Non-current investments

D Unamortised assets

Question 6

In the notes to accounts, share capital in which company has not called the entire face value of shares is shown under the notes to accounts.

A None of these

B Reserve Capital

C Subscribed but not fully paid up capital

D Subscribed and fully paid up capital

Question 7

Which of the following is not required to be prepared under companies act

A Funds Flow Statement

B Cash Flow Statement

C Balanc Sheet

D Statement of Profit and Loss

Question 8

The debentures to be redeemed within 12 months from the date of balance sheet is shown under

A long term liabilities

B other current liabilities

C long term borrowings

D short term borrowings

Question 9

Dividend is paid on

A paid up capital

B called up capital

C issued capital

D authorised capital

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Class 12 Accountancy - Company Accounts and Analysis of Financial Statements - Chapter 3: Financial Statements of a Company MCQ Questions

Your Class 12 Accountancy - Company Accounts and Analysis of Financial Statements Study Path

Preliminary expense are required to be written off within _______ from the date of incurring.

Claims against the company not acknowledged as debts is shown under

Capital Reserve will be shown under

Which of the following item will not appear under short term provisions

Goodwill appears in a companyâ€™s balance sheet under

In the notes to accounts, share capital in which company has not called the entire face value of shares is shown under the notes to accounts.

Which of the following is not required to be prepared under companies act

The debentures to be redeemed within 12 months from the date of balance sheet is shown under

Dividend is paid on

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