Accountancy Tes...

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

Copyrights and patents are shown under the head ‘non-current liabilities’ and sub-head ‘other long-term liabilities’ in the balance sheet of a company.

What will be the amount shown under the head current liabilities when the following data is given?

Short-term borrowings = ₹ 3,00,000

Trade Payables = ₹ 2,00,000 Other

Current Liabilities = ₹ 1,00,000

Short-term Provisions = ₹ 1,00,000

Which of the following is not a sub-head under the current assets?

The financial statements provide basic input for industrial, taxation and other economic policies of the government.

Loose tools worth ? 5,000 appear under which of the following head/sub-head in a company’s balance sheet?

Which of the following item can be presented on the asset side of the balance sheet of a company?

What is the total under assets side of the balance sheet when the following information is given?

Non-current Assets = ₹ 5,00,000

Current Assets = ₹ 2,00,000

Current Liabilities = ₹ 3,00,000

Which of the following is not a part of finance cost (in the statement of profit and loss)?

What will be the revenue from operations when the following data is available?

Sales = ₹ 20,00,000

Sales Return = ₹ 1,00,000

Sale of Scrap = ₹ 40,000