- (A) Results of operations for a particular period
- (B) Financial position during a particular period
- (C) Profit earning capacity for a particular period
- (D) Financial position as on a particular date
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- (A) Balance Sheet discloses financial position of the business
- (B) A person who owes to the business is called Debtor
- (C) Decrease in the value of the asset could decrease the value of a liability
- (D) Assets are to be shown in the Balance Sheet at the realizable value
- (A) On the assets side under current assets
- (B) On the assets side under loans and advances
- (C) On the liabilities side under current liabilities
- (D) On the liabilities side under provisions
- (A) Sundry Debtors
- (B) Stock
- (C) Prepaid insurance
- (D) All of
- (A) Stock
- (B) Vehicle
- (C) Fixed deposit in bank
- (D) Both
- (A) Credited to the Profit & Loss Account
- (B) Debited to the Profit & Loss Account
- (C) Shown on the liabilities side of the Balance Sheet
- (D) Shown on the assets side of the Balance Sheet
- (A) Profit and Loss Account
- (B) Balance Sheet
- (C) Funds Flow Statement
- (D) Trial Balance
- (A) Drawings
- (B) Bad debts
- (C) Accrued expenses
- (D) Reserve for discount on Sundry Creditors
- (A) Financial results of the concern for a period
- (B) Financial position of the concern on a particular date
- (C) Financial results of the concern on a particular date
- (D) Cost of goods sold during the period
- (A) Debts included in Sundry Debtors which are doubtful in nature
- (B) Uncalled liability on partly paid shares
- (C) Claims against the company not acknowledged as debts
- (D) Arrears of fixed cumulative dividend
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