Accounting - Study Mode
[#2276] . . . . . . . . days of grace are allowed in case of time bills for calculation date of maturity.
Correct Answer
(C) Three
[#2277] On 1 st January 2012 X drawn of Rs. 20,000 on Y for three months. X discounted the bill with bank for Rs. 19,900. On due date, the bill was dishonoured. For dishonour in the books of X. Bank account will be credited by
Correct Answer
(B) Rs. 20,000
[#2278] Which one of the following receipts is of revenue nature?
Correct Answer
(B) Dividend received on investment
[#2279] Authorised share capital is
Correct Answer
(B) Maximum amount of capital for which shares can be issued by the company
[#2280] In what order are the followingassetsshown in the balance sheet of a company? i. Trade receivables ii. Cash iii. Furniture and fittings iv. Investment in shares and debentures
Correct Answer
(C) iii, iv, i, ii