Which of the following item will be taken in the surplus statement
A) Provision for taxation
B) Transfer to sinking fund
C) Contribution to PF
D) Preliminary expenses written off
Correct Answer:
Verified
Q10: Preliminary expenses is an example of
A)Fixed asset
B)Current
Q11: Divisible profit do not include
A)Insurance fund
B)Reserve fund,
C)profit
Q12: loose tools are shown in the B/S
Q13: Discount on shares and debentures are shown
Q14: In the case of joint stock company,
Q16: Which of the following would not appear
Q17: Outstanding expenditure is a _ account.
A)Nominal
B)Personnel
C)Real
D)Current
Q18: _ deals with the depreciation account.
A)AS4
B)AS6
C)AS10
D)AS13
Q19: According to which concept, proprietor of a
Q20: Net worth of business means
A)Total assets
B)Fixed assets
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