Accounting - Study Mode
[#736] Goodwill account is
Correct Answer
(B) Real account
[#737] In liquidation proceedings of a company certain lists are attached with the statement of affairs of the company. Match list-I with list-II and select your answer: List-I List-II a. List E 1. Preference shareholders b. List F 2. Equity shareholders c. List G 3. Deficiency account d. List H 4. Unsecured creditors
Correct Answer
(A) a-4, b-1, c-2, d-3
[#738] Subscription received in advance by a club will be shown on:
Correct Answer
(B) Liability side of Balance sheet
[#739] Which of the following is not included into the final accounts?
Correct Answer
(C) Cash-book
[#740] The value of goodwill of the business willbe the highest if the majority of the customers of the firm are of the nature of
Correct Answer
(A) Cars