Financial Statement of a company - Balance Sheet

Financial Statement of a company - Balance Sheet

12th Grade

15 Qs

quiz-placeholder

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Financial Statement of a company - Balance Sheet

Financial Statement of a company - Balance Sheet

Assessment

Quiz

Professional Development

12th Grade

Easy

Created by

PAYAL KHANNA

Used 1+ times

FREE Resource

15 questions

Show all answers

1.

OPEN ENDED QUESTION

30 sec • 5 pts

Interest Accrued and due on Secured loans

Evaluate responses using AI:

OFF

Answer explanation

Current liabilities, Other CL

2.

OPEN ENDED QUESTION

30 sec • 5 pts

Logo

Evaluate responses using AI:

OFF

Answer explanation

NCA, PPE and IA, IA

3.

OPEN ENDED QUESTION

30 sec • 5 pts

Investment in Preference Shares

Evaluate responses using AI:

OFF

Answer explanation

NCA, NCI

4.

OPEN ENDED QUESTION

30 sec • 5 pts

Shares Forfeited Account

Evaluate responses using AI:

OFF

Answer explanation

SF, SC as addition

5.

OPEN ENDED QUESTION

30 sec • 5 pts

Loose tools

Evaluate responses using AI:

OFF

Answer explanation

CA, Inventories

6.

OPEN ENDED QUESTION

30 sec • 5 pts

Creditors and Bills Payable

Evaluate responses using AI:

OFF

Answer explanation

CL, Trade Payables

7.

OPEN ENDED QUESTION

30 sec • 5 pts

Provision for Tax

Evaluate responses using AI:

OFF

Answer explanation

CL, Short term provision

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