Disclosure in Balance Sheet

Q.

Share capital is shown on which side of balance sheet in company`s accounts?

1. None of these

2. Either Asset side or Liabilities side

3. Asset side

4. Liabilities side

Q.

Securities premium account is shown on the liabilities side of the balance sheet under which head?

1. Current liabilities

2. Reserves & Surplus

3. Share capital

4. None of the above

Q.

Which of the following is not shown under the heading "Share Capital" in a balance sheet?

1. Subscribed Capital

2. Issued Capital

3. Reserve Capital

4. Authorised capital

Q.

What type of account is a capital account?

Q.

Reproduce the format of Realisation Account.

Q.

Amount of Calls in Advance is _____________.

1. Added to Share Capital

2. Deducted from Share Capital

3. Shown on the Asset side

4. Shown on the Equity & Liabilities side

Q.

Distinguish between firm’s debts and partner’s private debts.

Q.

What is meant by 'Capital Reserve'?

Q.

Name the major headings under which the equity & liabilities side of a Company's Balance Sheet is organised and presented.

Q.

What are capital market transactions?

Q.

Why do we need derivatives?

Q. Contingent liability is shown in the balance sheet because of ____________.

1. convention of consistency
2. convention of materiality
3. all of the above
4. convention of disclosure

Q.

How much equity can I cash out?

Q. Objective Type Question :
Answer in one Sentence only :

Write the meaning of equity share capital.

Q.

State the accounting treatment for:

i. Unrecorded assets

ii. Unrecorded liabilities

Q. Which of the following does not appear under the head 'share capital' of a balance sheet?

1. Preference share capital
2. Calls in arrears
3. Capital Reserve account
4. Equity share capital

Q. Amount which is not recoverable from customer is known as ___________.

1. bad debts
2. debtor
3. debts
4. doubtful debts

Q. Sale of typewriter that has been used in the office should be credited to __________.

1. Sales A/c
2. Cash A/c
3. Capital A/c
4. Typewriter A/c

Q. Share application account is a _________account.

1. nominal
2. real
3. personal
4. none of these