Accounting - Study Mode

[#2481] Interpretation of Financial Statement includes-
Correct Answer

(D) All the above

[#2482] Which of the following error will not affect the trial balance?
Correct Answer

(C) Compensating error

[#2483] A company forfeited 30 share of Rs. 10 each for non-payment of allotment Rs. 3 share and call money Rs. 4 per share. The company re issued these shares as fully paid-up shares at the rate of Rs. 8 per share. Amount transferred to capital reserve will be
Correct Answer

(D) Rs. 30

[#2484] AS-3 is related to
Correct Answer

(A) Cash Flow Statement

[#2485] Which one of the following statement is not true?
Correct Answer

(A) The object of trial balance is to test the accuracy of the books