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WorksheetsAccounts
Total questions: 9
Worksheet time: 5mins
Calls-in-advance is shown in the company's Balance Sheet as:
Addition to subscribed but not fully paid capital
Addition to subscribed and fully paid capital
Other non-current liabilities
Other current liabilities
Which of the following methods can be used to prepare a fixed asset account?
Original cost
Book value method
Written down value method
All three methods
Original cost & Written down value method
Reserve to which amount received excess of the nominal value of securities is credited
Capital Reserve
Securities Premium Reserve
Capital Redemption Redemption
Revaluation Reserve
In the common-size balance sheet, each item is expressed as a percentage of:
Total Assets
Total Liabilities
Total Equity
None of the above
Which of the following transactions come under operating activities?
Cash Sales
Income tax refund
Rent received
Cash-in-hand
Sale of patents
Analysis made to review and analyse financial statements for a number of years
Vertical/Static Analysis
Horizontal/Dynamic Analysis
External Analysis
Internal Analysis
According to Section 39(1) of the Companies Act, 2013, a company cannot allot securities unless ___________ stated in the prospectus is achieved.
Minimum Subscription
Maximum Subscription
Authorised Subscription
None of the above
Current Assets= 4,00,000
Inventories= 2,00,000
Working Capital= 2,40,000
Calculate the Current Liabilities
3,60,000
1,60,000
2,40,000
None of these
(you need this for your next clue)
The most important tool for an accounting student is:
Scale
Forceps
Compass
None of these
