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Commerce · Q1958

Accounting

Graduate and Post Graduate · Commerce · question 1958

Q1958

What is the prescribed order of writing the following provisions in the Balance Sheet of companies as required by the Indian Companies Act, 1956, Part I, Schedule VI: 1. Provision for contingencies 2. Proposed dividends 3. Provision for taxation 4. Provision for Provident Fund scheme Select your answer:

A.
3, 4, 2, 1
B.
3, 2, 1, 4
Answer
C.
2, 1, 3, 4
D.
4, 3, 2, 1

Answer: Option B

Solution

Answer: Option B
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