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Accountancy Tes...

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  • Question 1
    5 / -1

    Balance sheet ascertains _________ of the company. 

  • Question 2
    5 / -1

    Subscription received by a school for organising annual function is treated as:

  • Question 3
    5 / -1

    For calculating trend percentages, any year is selected as:

  • Question 4
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    As per the format of Balance sheet prescribed as per Schedule III of Companies Act 2013, Mining rights is shown under the heading of:

  • Question 5
    5 / -1

    A company’s net sales are ₹ 15,00,000; cost of sales is ₹ 10,00,000 and indirect expenses are ₹ 3,00,000, the amount gross profit will be:

  • Question 6
    5 / -1

    Outstanding Share Option Account is shown under the head _______, as per the balance sheet format prescribed as per Schedule III of the Companies Act 2013.

  • Question 7
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    In a Balance sheet, income accrued but not received is shown as _____.

  • Question 8
    5 / -1

    A company’s shareholder's fund was ₹10,00,000 in the year 2015. It became ₹15,00,000 in the year 2016. What is the percentage of change?

  • Question 9
    5 / -1

    As per the format of Balance sheet prescribed as per Schedule III of Companies act 2013, Money received against share warrant is shown under the heading of ______.

  • Question 10
    5 / -1

    Which of the following is shown under assets side of a company’s balance sheet?

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