Financial State...

Patent is shown under __________________.

If an inflow of economic benefits is probable then contingent asset is disclosed ______________ .

Contingent asset is not recognised in the financial statements on the basis of the accounting concept ____________.

A sends out goods costing Rs 2,00,000 to B. Consignor's expenses Rs 5,000. Consignee's expenses in relation to sales Rs 3,000. 4/5th of the goods were sold at 20% above cost. The profit on consignment will be _____________.

In balance sheet "interest accrued and not due on debentures" should be shown in ______.

Which of the following items is not an appropriation of profit for a limited company?

A contingent asset is a possible asset that arises from past events the existence of which will be confirmed only by the '_________' of one or more uncertain future events not wholly within the control of the enterprise.  

Deferred credits will appear on the balance sheet with the________.

In balance sheet "interest accrued and due on debentures" should be shown in ______.

Securities premium account must be shown separately on the liabilities side of the balance sheet in _______ under the heading ______.