Accounting - Practice Test

(A) Reserves and surplus

(B) Current liabilities and provisions

(C) Share capital

(D) All of these

(A) Reserves and surplus

(A) Company Law Board

(B) Government

(C) Issuing Company

(D) Securities and Exchange Board of India

(C) Issuing Company

(A) Capital profit = Rs. 60,000

(B) Revenue profit = Rs. 60,000

(C) Capital profit = Rs. 20,000 and Revenue profit = Rs. 40,000

(D) Capital profit = Rs. 1,20,000

(A) Capital profit = Rs. 60,000

(A) Gross profit = Net sales - Cost of goods sold

(B) Gross profit = Sales + Closing stock - Opening stock Purchase

(C) Cost of goods sold + Gross profit = Sales

(D) All of the above

(D) All of the above

(A) only by issue of fully paid bonus shares

(B) only by making partly paid shares fully paid

(C) by A and B both

(D) none of the above

(C) by A and B both

Accounting - Study Mode