Accounting - Study Mode
[#386] With reference to Provisions and Reserve, which of the following statement is/are correct? 1. Provision is a charge to profit and loss account 2. Reserve is created for a specific loss Select the correct answer:
Correct Answer
(A) Only 1
[#387] Which of the following factors generally contribute to the value of goodwill of a firm?
Correct Answer
(D) All of the above
[#388] Share warrants to bearers can be issued against:
Correct Answer
(B) Fully paid up shares in public company
[#389] This is a debenture for which the company does not keeps any records and which can be transferred without any formal notice the debenture is-
Correct Answer
(C) Bearer debenture
[#390] Which of the following is fixed asset?
Correct Answer
(C) Goodwill