Calls in arrear Is
A) Shown as current asset
B) deducted from share capital
C) shown as current liability
D) shown under miscellaneous expenditure
Correct Answer:
Verified
Q6: Preliminary expense Is an example of
A)Fixed asset
B)current
Q7: Divisible profit do not include
A)Insurance fund
B)reserve fund
C)profit
Q8: The transfer of profit to reserve should
Q9: Loose tools are shown in the balance
Q10: Discount on shares and debentures are shown
Q12: The amount set aside to meet the
Q13: When the proposed dividend exceeds 20% of
Q14: In the case of joint stock company,
Q15: Advance payment of tax should be shown
Q16: Which of the following items will be
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