Accounting - Study Mode
[#2331] Given, 2014 2015 Current Assets Rs. 5,00,000 Rs. 3,20,000 Current Liabilities Rs. 3,60,000 Rs. 4,00,000 The decrease in working capital will be:
Correct Answer
(B) Rs. 2,20,000
[#2332] Allahabad company limited forfeited 50 shares of Rs. 10 each. Rs. 6 per share were paid on then. Out of these 10 shares were re-issued at Rs. 6.50 Per share fully paid up. Amount transferred to capital reserve will be
Correct Answer
(C) 25
[#2333] Given below are two statement, one labelled as Assertion (A) and the other as Reason (R) Assertion (A): In accounting, a distinction is made between the business and the owner. Reason (R): Accounting concepts are based on self-consciousness and not on subjectivity. Select the correct answer
Correct Answer
(B) Both (A) and (R) are correct but (R) is not the correct explanation for (A)
[#2334] Petty cash system is designed:
Correct Answer
(C) to cover the small expenditure to be paid in cash
[#2335] Which of the following assets does not depreciate?
Correct Answer
(C) Land