Accounting - Practice Test

(A) Premium on issue of shares

(B) Profits prior to incorporation

(C) Dividend equalisation reserve

(D) Reserve created out of profit on the sale of fixed assets

(C) Dividend equalisation reserve

(A) Royalty A/c

(B) Land Lord A/c

(C) Profit & Loss A/c

(D) Short workings A/c

(C) Profit & Loss A/c

(A) Sec. 4, 1932

(B) Sec. 8, 1935

(C) Sec. 10, 1942

(D) Sec. 18, 1881

(A) Sec. 4, 1932

(A) Clerical error

(B) Error of principle

(C) Compensating error

(D) None of these

(B) Error of principle

(A) Certain assumptions

(B) Certain facts and figures

(C) Certain accounting records

(D) Government guidelines

(A) Certain assumptions

Accounting - Study Mode