Accounting - Study Mode
[#1891] The head office of "The Institute of Cost and Works Accountants of India" is located at
Correct Answer
(D) Kolkata
[#1892] If the preference shares are to be redeemed at a premium, the amount of premium may be paid from
Correct Answer
(A) Security premium or profit and loss A/c
[#1893] A and B are partners who share profit and loss equally. A with drawing Rs. 400 regularly at the end of each month for half year ended at 30 th June 2008. What will be the amount of interest if 5% p.a. interest is charged on drawing?
Correct Answer
(C) Rs. 25
[#1894] Given below are two statements, one labelled as Assertion (A) and the other as Reason (R) Assertion (A): Gross profit ratio is calculated on the basis of net sales. Reason (R): Gross profit ratio measure overall profitability of a concern. Choose the correct answer:
Correct Answer
(C) (A) is true but (R) is false
[#1895] The difference between 'subscribed capital' and 'called up capital' is called
Correct Answer
(C) Uncalled capital