CBSE Class 12 Accountancy Financial Statements of a Company Quiz 4

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

A Reserves and Surplus B Current Liabilities and Provisions C Share Capital D Contingent Liabilities

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

A Short-term Loan B Secured Loan C Current Liability D Share Capital

3. Divident is usually paid :

A On Authorised Capital B On Ussued Capital C On Paid-up Capital D On Called-up Capital

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

A Reserve B Provision C Liability D None of these

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

A Section 128 B Section 130 C Section 129 D Section 212

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

A VI Part I B VI Part II C III Part I D VII Part IV

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

A Authorised Capital B Issued Capital C Paid-up Capital D Shareholders’ Funds

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