As per the Companies Act, 1956 which of these are allowed to create secret reserves in their books of account
A) Banking Companies .
B) Insurance Companies .
C) Electricity Companies .
D) All the three
Correct Answer:
Verified
Q15: Drawee is the person…..
A)Who draw a bill
Q16: Accounting is a/ an -
A)Science .
B)Art .
C)Subject
Q17: Trial Balance is prepared to….
A)Check true and
Q18: The term PBIT stands for:-
A)Profit before Income
Q19: …… is a secret reserve usually created
Q21: An increase in one liability may lead
Q22: X draws a 3 months bill of
Q23: A is entitled to 10% partner's commission
Q24: Over statement of sales may lead to-
A)Over
Q25: When Bills Receivable is returned dishonoured by
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