Accounting - Study Mode
[#751] Sales + Closing stock - Purchases - Gross Profit =
Correct Answer
(C) Opening Stock
[#752] Under which of the following Sections of the Company's Act, 1956 a company can use share premium for certain purposes?
Correct Answer
(C) Section 78
[#753] Which of the following is not correctly matched in the term of Loss/income and Nature?
Correct Answer
(C) Premium on issue of shares ⇔ Capital profits
[#754] If for the redemption of preference share capital of Rs. 1,00,000, 5,000 equity shares of Rs. 10 each are issued at a discount of 10% the amount to be transferred to Capital Redemption Reserve Fund will be:
Correct Answer
(C) Rs. 55,000
[#755] Preliminary expenses of a company should be shown in the final accounts on
Correct Answer
(A) Assets side of Balance Sheet