CBSE  /  Class 12  /  Accountancy  /  Financial Statements of a Company

  • 1. 
    The term current assets includes :

  • Stock
  • Debtors
  • Cash
  • All of these

  • 2. 
    Which of the following is not a part of financial statement of a company ?

  • Profit & Loss A/c
  • Balance Sheet
  • Ledger Account
  • Cash Flow Statement

  • 3. 
    Under which heading of Balance Sheet is general reserve shown:

  • Miscellaneous Expenditure
  • Share Capital
  • Reserves & Surplus
  • None of these

  • 4. 
    Current Assets on the Assets side of Balance Sheet of a Company includes:

  • Sundry Debtors
  • Cash in hand
  • Stock
  • All of these

  • 5. 
    As per provisions of Companies Act, 2013 under which Section, the final accounts of a company is prepard :

  • 128
  • 210
  • 129
  • 212

  • 6. 
    According to which part of Schedule III of the Indian Companies Act, 2013, Indian companies have to prepare Balance Sheet:

  • Part 1
  • Part 2
  • Part 3
  • Part 4

  • 7. 
    Balance sheet of companies is now prepared in :

  • Horizontal Form
  • Vertical Form
  • Either (a) or (b) Form
  • None of these

  • 8. 
    Goodwill of a company is shown on the assets side of the Balance Sheet under the head.

  • Current Assets
  • Non-current Assets
  • Miscellaneous Expenditure
  • None of these

  • 9. 
    The form of Balance Sheet as per Companies Act, 2013 is:

  • Horizontal
  • Horizontal or Vertical
  • Vertical
  • None of these

  • 10. 
    Which of the following assets is not shown undeer the head ‘Fixed Asset’ in the Balance Sheet ?

  • Goodwill
  • Bills Receivable
  • Buildings
  • Vehicle
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