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

  • 1. 
    Securities Premium Account is shown on the liabilities side in the Balance Sheet Under heading

  • Reserves and Surplus
  • Current Liabilities and Provisions
  • Share Capital
  • Contingent Liabilities

  • 2. 
    Debentures are shown in the Balance Sheet under the head of:

  • Short-term Loan
  • Secured Loan
  • Current Liability
  • Share Capital

  • 3. 
    Divident is usually paid :

  • On Authorised Capital
  • On Ussued Capital
  • On Paid-up Capital
  • On Called-up Capital

  • 4. 
    Amount set aside to meet losses due to bad debts is called:

  • Reserve
  • Provision
  • Liability
  • None of these

  • 5. 
    Which Section of the Companies Act, 2013 requires that the Balance Sheet to be prepared in prescribed form ?

  • Section 128
  • Section 130
  • Section 129
  • Section 212

  • 6. 
    The prescribe from the Balance Sheet has given in the Schedule:

  • VI Part I
  • VI Part II
  • III Part I
  • VII Part IV

  • 7. 
    Share capital is shown in Balance Sheet under. the head ?

  • Authorised Capital
  • Issued Capital
  • Paid-up Capital
  • Shareholders’ Funds
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