Accounting - Study Mode
[#1706] For purpose of redemption of preference share company can issue
Correct Answer
(B) equity shares
[#1707] The General Manager is entitled to a comission of 10% on net profit after charging the commission of Works Manager. The Works Manager is entitled to a commission of 5% on the net profits after charging the commission of General Manager. The profit before charging any commission is Rs. 7,500. The commission of the Works manager, to the nearest rupee, will be:
Correct Answer
(D) Rs. 339
[#1708] Which of the following is not capital reserve it:
Correct Answer
(C) Equitable dividend reserve
[#1709] A . . . . . . . . is used to reflect the changes in purchasing power of money or a whole.
Correct Answer
(A) general price index
[#1710] Which one of the following error do not affect the agreement of trial balance?
Correct Answer
(C) Recording of asset as expense