Accounting - Study Mode
[#1391] Non-Trading Institutions prepare:
Correct Answer
(C) Income & Expenditure Account
[#1392] Short working means
Correct Answer
(A) Excess of minimum rent over royalty
[#1393] Match the following. List-I List-II a. After reissue of forfeited shares the balance of share forfeiture account is transferred to . . . . . . . . 1. Assets b. Bonus issue is made out of . . . . . . . . 2. Free reserve c. Debentures secured by a charge on . . . . . . . . are termed as secured debentures. 3. Accumulated profits d. Workmen's compensation fund is . . . . . . . . to extent there is no compensation payable. 4. Capital Reserve A/c
Correct Answer
(B) a-4, b-3, c-1, d-2
[#1394] The part of share capital, which can be called up only on the winding up of a company, is called:
Correct Answer
(D) reserve capital
[#1395] Depreciation refers to:
Correct Answer
(A) Fixed assets