Financial statement of a company Quiz-1

The balance sheet provides information about financial position of an enterprise

• over a period of time
• during the period of time
• for a periiod of time
• at a point of time

Debentures redeemable after 10 years from the date of issue are shown as

• other long term borrowings
• long-term borrowings
• short term borrowing
• other short term borrowings

name the item out of the following which is shown as short- term provision:

• provision for tax
• interest accrued but not due
• employees provident fund
• interest accrued and due

money received against share warrants is shown as

• share holders' fund
• other long term liabilities
• long term provisions
• other current liabilities

share application money(refundable) is shown as

• other long term liabilities
• other current liabilities
• short term provisions
• short term borrowings

calls- in- advance and interest payable thereon is shown as

• shareholders' fund
• other non current liabilities
• other current liabilities
• trade payables

mining rights are

• Tangible fixed assets
• intangible fixed assets
• intangible assets under development
• capital work in progress

premium on redemption of Debentures is shown as

• long- term borrowings
• short term borrowings
• other long term liabilities
• short term provisions

loose tools appear in the company's Balance Sheet under the head/sub head

• inventory
• non current assets
• other current assets
• stores and spare parts

surplus, i.e., Balance in statement of profit and loss is shown as

• share capital
• reserves and surplus
• other long term liabilities
• current liabilities