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MCQs for Financial Statements of Companies
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MCQs for Financial Statements of Companies
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25 Questions

1. Unclaimed dividend appears in a Company’s balance Sheet under the Sub-head ............
2. ............ appear in a Company’s Balance Sheet under the Sub-head Short-term Provision
3. Calls in advance appear in a Company’s Balance Sheet under ..............
4. In a Company’s Balance Sheet ............... appear under the head ‘non-current assets’.
5. Expenses allowed on issue of shares appears in a Company’s Balance Sheet under :
6. 6% Debentures appear in a Company’s Balance Sheet under the Sub-head ...............
7. Which of the following items is shown under the head ‘Current Assets’ while preparing the Balance Sheet of a company?
8. Share Capital of a Company consists of 5,00,000 Shares of ₹10 each, ₹8 called up. All the shareholders have duly paid the called up amount. Share capital will be shown as :
9. As per Companies Act, the Balance Sheet of a company is required to be presented in ..................
10. Share Forfeiture Account appears in a Company’s Balance Sheet under the Sub-head .............
11. 50,000, 9% Debentures redeemable within 12 months of the date of Balance Sheet will be shown under :
12. Which of the following items is shown under the head ‘Current Liabilities’ while preparing the Balance Sheet of a company?
13. Interest accrued and due on debentures appear in a Company’s Balance Sheet under the Sub-head ............
14. ‘Claims against the Company not acknowledged as debts’ is shown under the head .............
15. While preparing the Balance Sheet of a Company which item is shown under the head ‘Long term Borrowings’?
16. Which one of the following items is shown under the heading ‘current liabilities’ in the Balance Sheet of a company?
17. Bills Receivables appear in a Company’s Balance Sheet under the Sub-head ..................
18. Under which heading the item ‘Bills Discounted but not yet matured’ will be shown in the Balance Sheet of a company?
19. Which of the following items is shown under the head ‘Non-Current Assets’ while preparing the Balance Sheet of a company?
20. Which of the following is not required to be prepared under the Companies Act
21. Fixed Deposits appear in a Company’s Balance Sheet under :
22. Interest accrued but not due on loans appear in a Company’s Balance Sheet under the Sub-head ............
23. Prepaid Expenses appear in a Company’s Balance Sheet under the Sub-head ............
24. Calls in Arrears appear in a Company’s Balance Sheet under ..............
25. Balance sheet of a company is required to be prepared in the format given in .................."

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