Accounting - Study Mode
[#1161] Given, 1 st January 31 st December Assets Rs. 30,000 - Liability Rs. 13,000 - Capital - Rs. 16,500 Drawing during the year is Rs. 4,000 Capital on 1 th January is:
Correct Answer
(C) Rs. 7,000
[#1162] In Companies Act, 1956 the proforma of B/S is given in:
Correct Answer
(A) Section 211
[#1163] Realisation account is a
Correct Answer
(B) Nominal account
[#1164] For amalgamation in the nature of merger, the shareholders holding atleast . . . . . . . . or more of the equity shares of the transferor company becomes the equity shareholders of transferee company.
Correct Answer
(B) 90%
[#1165] Which of the following factor is not considered while selecting accounting policies?
Correct Answer
(C) Accountancy