Accounting - Study Mode
[#911] Accounting standards in India are issued by -
Correct Answer
(C) The Institute of Chartered Accountants of India
[#912] Which of the following features is not present with partnership form of organization?
Correct Answer
(A) Perpetual succession
[#913] If subsription received during the year is Rs. 4,460, outstanding subscription at the end of the year is Rs. 290, outstanding subscription at the beginning of the year is Rs. 90, advance subscription received for the next year is Rs. 160, the amount of subscription to be shown in income and expenditure account will be:
Correct Answer
(A) Rs. 4,500
[#914] Stock appearing in the Trial Balance is shown in
Correct Answer
(C) Balance Sheet
[#915] If capital is Rs. 50,000, liability is Rs. 30,000 and fixed assets are Rs. 70,000, then the value of current assets will be
Correct Answer
(C) Rs. 10,000