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Q2661

State which of the following errors will not be revealed by the trial balance?

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Q2662

. . . . . . . . is a reserve created to meet any loss due to natural calamities.

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Q2663

Which of the following fictitious assets is not taken over by the transferee company?

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Q2664

Bonus payable on maturity of the policy is termed as:

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Q2665

Profit under single entry system of Book Keeping means:

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Q2666

In the case of a sole proprietorship, Assets in Balance sheet items are conveniently shown in:

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Q2667

When debentures are redeemed out of profits, an equal amount is transferred to . . . . . . . .

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Q2668

Dividend may be declared out of . . . . . . . .

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Q2669

Debit means:

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Q2670

Fictitious assets are shown on the asset side of the balance sheet of a company under the heading . . . . . . . .

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Q2671

A machinery having a residual value of Rs. 5,000 was purchased on 1^st January 1998 for Rs. 1,00,000 and was depreciated @ 9.5% on a straight line method. On 1^st January 1998, it was estimated that its useful life has been reduced to eight years. Under the changed circum-stances, the annual depreciation charges for the year 1991 and onwards will be:

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Q2672

An accountant is mainly concerned with:

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Q2673

Given, subscription received in 1990:
For the year 1989 - Rs. 500
For the year 1990 - Rs. 7,000
For the year 1991 - Rs. 400
1990 - subscription outstanding on 31^st December 1990 : Rs. 250
The amount of subscription to be posted to income and expenditure account of 1990 is:

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Q2674

Long-term liabilities are:

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Q2675

A company purchased the following assets and paid through 1,00,000 fully paid equity shares of Rs. 10 at a premium of Rs. 2:
Building = Rs. 5,00,000
Machinery = Rs. 4,00,000
Stock in trade = Rs. 1,00,000
In the context of funds flow statement, this transaction will result in:

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Q2676

Sales to Ram Rs. 336 posted to his account as Rs. 363 would effect:

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Q2677

Depreciation is:

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Q2678

The receipts and payments account begins with . . . . . . . .

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Q2679

Which of the following reserve does not appear in the balance sheet of a company?

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Q2680

Quantitative transactions are not recorded in accounts due to:

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