Accounting - Study Mode
[#1236] The minimum amount of capital which must be subscribed by the public before allotment is called:
Correct Answer
(B) minimum subscription
[#1237] Depreciation is appearing in the trial balance of a company. While making final accounts, it should be shown in:
Correct Answer
(A) the profit and loss account
[#1238] Penalty for delay in refunding application money:
Correct Answer
(C) 15%
[#1239] Purchase for office furniture is recorded in:
Correct Answer
(A) General Journal
[#1240] The cash price of a machine is Rs. 1,20,000 and its hire purchase price is Rs. 1,50,000 to be paid in five equal yearly instalments. If a company purchases the machine on hire purchase basis, the amount of capital expenditure will be:
Correct Answer
(A) Rs. 1,20,000