Which of the following items will be taken in the P/L a/c below the line
A) Provision for taxation
B) transfer to sinking fund
C) contribution to PF
D) preliminary expenses written off
Correct Answer:
Verified
Q11: Calls in arrear Is
A)Shown as current asset
B)deducted
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
Q17: Scrip dividend means
A)Unclaimed dividend
B)arrears of dividend
C)dividend paid
Q18: Which of the following would not appear
Q19: As per the rules framed under the
Q20: Banks show the provision for income tax
Q21: Rebate on bills discounted is
A)An item of
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