Accounting - Practice Test

(A) equity method

(B) purchase method

(C) pooling of interest method

(D) consolidated method

(C) pooling of interest method

(A) Cash Balance

(B) Financial Condition

(C) Total Sales Proceeds

(D) Surplus or Deficit

(D) Surplus or Deficit

(A) Company's free reserves

(B) Company's securities premium A/c

(C) Proceeds of any shares or other specified securities as per Section 77A (i) (iii)

(D) Company's borrowings from financial institutions

(D) Company's borrowings from financial institutions

(A) On which only Rs. 2 application money has been paid

(B) On which application money and Rs. allotment money has been paid

(C) On which Rs. 7.50 per share has been paid

(D) On which Rs. 10 per share has been paid

(D) On which Rs. 10 per share has been paid

(A) Insurance policy method

(B) Depreciated return method

(C) The sum of the year digits method

(D) Replacement cost method

(B) Depreciated return method

Accounting - Study Mode