The balance of share forfeiture account is shown in the balance sheet under the item :
(i) current liabilities and provisions
(ii) reserves and surpluses
(iii) share capital account
(iv) unsecured loans
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A hole is drilled in a copper sheet. The diameter of the hole is 4.24 cm at 27 °C. What is the change in the diameter of the hole when the sheet
Given: d1 = 4.24 cm, ∆T = 227 – 27 = 200 °C, α = 1.70 × 10-5 °C-1 To find: Change in diameter (∆d) Formula: α = \(\frac{d_2-d_1}{d_1\triangle T}=\frac{\triangle d}{d_1 \triangle T}\) Calculation: From formula. ∆d =...
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From the following trial balance prepare trading and profit and Loss account balance sheet on 31 3 2021
I need this answer
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The balance of Share Forfeiture A/c is transferred to _________ account after re-issue of these share.
The balance of Share Forfeiture A/c is transferred to capital reserve account after re-issue of these share.
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A metal wire of radius 0.4 mm carries a current of 2 A. Find the magnitude of current density if the current is assumed to be uniformly distributed
Given: r = 0.4 mm = 0.4 × 10-3 m, I = 2 A To find: Current density (J) Formula: J = \(\frac{I}{A}\) Calculation: From formula, J = \(\frac{2}{3.142\times(0.4)^2\times10^{-6}}\) = 3.978 × 106 A/m2
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Differentiate between Statement of Affairs and Balance Sheet.
Difference between Statement of Affairs and Balance Sheet. Basis of Difference Statement of Affairs Balance Sheet Reliability Less reliable as it is prepared from incomplete records. More reliable as it is prepared from double entry records. Objective The...
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Balance sheet
In financial accounting, a balance sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private...
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How many modes shows the selection mode of the current sheet? (a) 1 (b) 2
Correct answer is (c) 3
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A statement similar to Balance Sheet.
Statement of Affairs Explanation: A statement of affairs shows various assets and liabilities of a business on a particular date. It can be prepared with both opening and closing balances. A...
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……….. is the excess of current asset over current liabilities.
Working Capital
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Contingent liabilities are usually shown as a footnote in the balance sheet as per the following accounting principles. (a) Consistency
Correct answer is (a) Going concern concept
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