Accounting - Study Mode
[#451] A Company purchased 8% bonds at a cost of Rs. 12,00,000 (face value Rs. 10,00,000) on 1 st January 2003. Half yearly interest is payable on this investment on 30 th June and 31 st December each year. The company closes its accounts on 31 st March 2003. The amount of accured interest shown in profit and loss account for the year ended is:
Correct Answer
(C) Rs. 20,000
[#452] Provision for Income tax is shown in a bank's Balance Sheet as . . . . . . . .
Correct Answer
(D) other liabilities and provisions
[#453] Which of the following transactions will result in decrease in assets and decrease in liabilities?
Correct Answer
(D) All of these
[#454] In the case of joint stock companies, the assets and liabilities in B/S are arranged in the order of . . . . . . . .
Correct Answer
(B) performance
[#455] Errors which affect one account can be . . . . . . . .
Correct Answer
(C) errors of posting