Accounting - Study Mode
[#2011] The profit on re-issue of shares is transferred to . . . . . . . .
Correct Answer
(B) capital reserve
[#2012] Money measurement concept of accounting theory is based on the assumption that the value of money will:
Correct Answer
(A) remain constant
[#2013] Premium received on issue of shares is a . . . . . . . .
Correct Answer
(A) capital receipt
[#2014] In which of the following methods, the asset account appears at its original cost through out its life?
Correct Answer
(B) Depreciation fund method
[#2015] The balance left in the capital accounts on dissolution of a firm is transferred to
Correct Answer
(C) Bank Account