Accounting - Study Mode
[#2071] In case of forfeiture of share, share forfeiture account is credited with
Correct Answer
(A) Money received
[#2072] A share of Rs. 10 issued at 2 ruppes premium on which full amount is called is forfeited due to non-payment of Rs. 4. What will be amount recorded in share capital account
Correct Answer
(B) Rs. 10
[#2073] Depreciation is admissible on which of the following asset?
Correct Answer
(C) Goodwill of business
[#2074] The method/criteria that cannot be used for the measurement of social cost benefit of a particular project is
Correct Answer
(B) value added method
[#2075] Correct equation of balance sheet is
Correct Answer
(A) Assets = Liability + owner's equity