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QUIZ ON BALANCE SHEET OF A COMPANY

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

Money Received Against Share Warrants is shown as

a)

Shareholders' Funds

b)

Other long -term liabilities

c)

Long-term provisions

d)

Other current liabilities

2.

Patents and Trademarks are examples of

a)

Intangible Fixed Assets

b)

Tangible Fixed Assets

c)

Intangible Fixed Assets under Development

d)

Capital work -in- progress

3.

Dividend is paid on paid-up Capital

a)

True

b)

False

4.

Which of the following is not a Long-term borrowings ?

a)

Bonds

b)

Debentures

c)

Public Deposits

d)

Trade Payables

5.

From the given items which is not shown under Current liabilities

a)

Trade payables

b)

Short-term Borrowings

c)

Short-term Provisions

d)

Inventories

6.

Cash and Cash Equivalents does not include

a)

Cheques

b)

Balances with the banks

c)

Inventories

d)

Bank deposits with more than 12 months maturity

7.

Which of the following is not a short-term Borrowing?

a)

Deposits

b)

Loans repayable on demand

c)

Bank Overdraft

d)

Trade Receivables

8.

Bills Receivable is shown as Trade Receivables in the Balance sheet

a)

True

b)

False

9.

From the given items which is a part of Current Liabilities

a)

Inventories

b)

Trade Payables

c)

Cash and Cash Equivalents

d)

Trade Receivables

10.

Loose tools and Stores and Spares are shown as inventories in the balance sheet

a)

True

b)

False