WorksheetsFinal Accounts of a Company
Total questions: 10
Worksheet time: 5mins
Which of the following is not a current asset?
Prepaid rent
Cash balance
Advance income
Closing stock
Which of the following is included under the heading Provisions in Balance Sheet?
Preliminary expenses
Share forfeiture
Pension fund
Reserve fund
Premium on issue of shares is shown under the heading
Current liabilities
Share capital
Provision
Reserve and surplus
Pension fund is shown under
Provision
Reserve and surplus
Current liabilities
Secured loan
Profit and Loss Appropriation Account is prepared to know
Net profit or net loss
Gross profit or gross loss
Surplus or deficit
Bad debts written off
If debtors are Rs.70,000, new bad debts written off is Rs.5,000, how much will be provision for doubtful debt at the rate of 10% ?
Rs.7,000
Rs.7,500
Rs.6,500
Rs.500
If depreciation on furniture is given as adjustment, it should be recorded in
Trading Account
Profit and Loss Account
Balance Sheet
Trading Account and Balance Sheet
Profit and Loss Account and Balance Sheet
If closing stock is given inside Trial Balance, where should it be recorded while making final accounts?
Trading Account
Balance Sheet
Profit and Loss Account
Trading Account and Balance Sheet
If last year's tax paid is given in Trial Balance, it should be recorded in
Dr. side of Profit and Loss Account
Dr. side of Profit and Loss Appropriation Account
Assets side of Balance Sheet
Dr. side of Trading Account
If Outstanding wages is given as adjustment, where is it recorded under Final Accounts?
Trading account and Profit and Loss Account
Profit and Loss Account and Balance Sheet
Balance Sheet
Trading Account and Balance Sheet
