Accounting - Practice Test

(A) advances

(B) other liabilities & provisions

(C) other income

(D) reserves & surplus

(B) other liabilities & provisions

(A) general reserve

(B) capital reserve

(C) CRR

(D) securities premium

(A) general reserve

(A) Rs. 1,000 paid for the erection of a new plant

(B) Cost of Rs. 10,000 incurred in increasing the sitting accommodation of a hotel

(C) Damages paid on account of breach of a contract to supply certain goods

(D) Repairs to machinery purchased second hand

(C) Damages paid on account of breach of a contract to supply certain goods

(A) Drawee

(B) Drawer

(C) Payer

(D) Payee

(B) Drawer

(A) external reconstruction

(B) internal reconstruction

(C) amalgamation

(D) absorption

(B) internal reconstruction

Accounting - Study Mode