Accounting - Study Mode

[#926] If equity share are forfeited then capital account is debited with
Correct Answer

(C) Called amount on shares

[#927] Depreciation of fixed assets is an example of
Correct Answer

(B) Revenue expenditure

[#928] Gearing ratio means the following ratio:
Correct Answer

(B) Long-term debt/Equity capital

[#929] Preference Shares dividend & ratio of net profit after tax and total number of equity shares mutual ratio known as:
Correct Answer

(D) Earnings per share

[#930] Which of the following should be shown on the asset side of the Balance sheet:
Correct Answer

(A) Preliminary Expenses
(E) Prepaid insurance