In the Balance-Sheet of a company, debentures are shown under which head ?
(A) Unsecured Loan
(B) Long term Loan
(C) Current Liability
(D) Reserve & Surplus
1 Answers
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Use of Accounting Package to create a company. Create a company with the following particulars. Company Name: B.B Enterprises
Step 1: Open GNUKhata Application. Click on ‘company Setup Wizard’ or (press shift + control + C) Step 2: While creating a company the following details are to be given. Company Name:...
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i. Can the company ask Mr. John to pay any further money to the company? ii. Which feature of a Joint Stock company is referred to in this example?
i. No, Company cannot ask Mr. John for further payment, because, he has already paid the full amount of face value. ii. ‘Limited Liability is a feature, which is referred to in this...
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i. The primary document of a company states the aims and objectives of a company. ii. The document establishes the company’s relationship
i. Memorandum of Association ii. Memorandum of Association iii. Memorandum of Association iv. Memorandum of Association v. Memorandum of Association
2 Answers 1 views
An infinite sheet in xy plane has a uniform surface charge density `sigma`. The thickness of the sheet is infinitesimally small. The sheet begins to m
Correct Answer - (1) `E=sigma/(2in_(0))` perpendiculary away from the sheet `B=(mu_(0)sigmav)/2` parallel to the sheet in `-ve` and `+ve` y direction (2) E= same as in (1);`B=0`
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General Reserve Account always shows - (A) Debit balance (B) Credit balance (C) Debit & credit balance (D) None of these
Correct option is: (A) Debit balance
2 Answers 1 views
If debentures of Rs. 4,50,000 are issued to the sellers for the consideration of net assets of Rs. 5,00,000 balance Rs. 50,000
Correct option is: (A) Profit & Loss statement
2 Answers 1 views
On 1st April, 2015, Mathew Ltd. Issued 10,000, 9% Debentures of ₹ 100 each at a discount of 5%, redeemable at a premium of 5%. These debentures were
Correct Answer - (i) year ended 31st March, 2016: Loss on issue of Debentues - ₹ 1,00,000 to be written off from Statement of Profit and Loss in the year...
2 Answers 24 views
Outstanding expenses are shown on the ___________ side of Balance Sheet.
Correct option is (b) Liability
2 Answers 1 views
Pre-received income is shown on ___________ side of Balance sheet.
Correct option is (b) Liabilities
2 Answers 1 views
Two coins are tossed simultaneously. Find the probability of getting (i) exactly 1 head (ii) at most 1 head (iii) at least 1 head.
Correct Answer - (i) ` 1/2 (ii) 3/4 (iii) 3/4 `
2 Answers 1 views