Accounting - Study Mode
[#866] Secret reserves may result by:
Correct Answer
(B) providing excessive depreciation
[#867] Fixed cost will be divided to get the break even point selling price in rupees
Correct Answer
(D) Profit volume ratio
[#868] Match list-I with list-II and select the correct answer: List-I (Accounting
Standards) List-II (Objects) a. AS-1 1. Valuation of inventory b. AS-2 2. Cash Flow Statement c. AS-3 3. Revenue Recognition d. AS-4 4. Disclosure of Accounting Policies
Correct Answer
(A) a-4, b-1, c-2, d-3
[#869] A company wants to pay dividend on shares. Which of the following should be used for this purpose
Correct Answer
(C) General reserve
[#870] Expenses incurred for the installation of plant and machinery will be treated as
Correct Answer
(D) Capital expenditure