Accountancy Tes...

Bank overdraft and cash credit are treated as 'short-term borrowings' in the balance sheet of a company.

Which of the following is not included under the head shareholder’s fund?

Calls-in-advance are classified under 'current liabilities' and the sub-category 'other current liabilities' in a company's balance sheet.

Which of the following is not presented under ‘current liabilities’ in the balance sheet of a company?

How are financial statements beneficial to owners of a company? (i) Financial statements report the performance of the management to the shareholders. (ii) The gaps between the management performance and ownership expectations can be understood with the help of financial statements.

Public deposits appear under which of the following head in a company’s balance sheet?

Unclaimed dividends will be shown under which of the following heads?

Interest accrued and due on secured loans comes under the category of ________

Debenture redemption reserve is shown under the head 'shareholders' funds' and sub-head 'reserves and surplus' in the balance sheet of a company.

______ are the liabilities which are due within 1 year.