Accounting - Study Mode
[#2621] According to double entry system, interest on bank loan is shown in
Correct Answer
(D) Cash account
[#2622] Current Ratio is 2.7 : 1, Quick Ratio 1.8 : 1, Current Liabilities Rs. 60,000 The Value of Stock shall be
Correct Answer
(A) Rs. 54,000
[#2623] The balance of Short workings A/c is shown in
Correct Answer
(C) Debit side of Profit & Loss A/c
[#2624] Which type of shares may have dividends in arrears:
Correct Answer
(B) Cumulative preference shares
[#2625] When company reserves part of its capital to be called up at the time of winding up, it is known as
Correct Answer
(A) Reserve Capital