Accounting - Study Mode
[#1186] What is the correct order of the following relating to the shares of a company?
Correct Answer
(A) Issue, Application, Call and Forfeiture
[#1187] Which of the following items will have credit balance?
Correct Answer
(C) Dividend declared but not paid
[#1188] Amount due to outgoing partner is shown in the balance sheet as his
Correct Answer
(D) Loan
[#1189] Given the following information, what is Debt Equity Ratio? Equity Capital Rs. 2,00,000 General Reserve Rs. 90,000 Debentures Rs. 1,50,000 Accumulated Profits Rs. 60,000
Correct Answer
(D) 15 : 35
[#1190] What will be the treatment, if assets are taken over by a creditor of the firm at the time of dissolution?
Correct Answer
(C) No entry should be passed