Shareholders' Funds

Q.

What is Capital Fund? How is it calculated?

Q.

What is gross fixed assets?

Q.

What is the meaning of reserve and provision?

Q. When drawing up a bank reconciliation statement, if you start with a debit balance as per the pass book, the cheques issued but not presented for payments should be _________.

1. not required to be adjusted
2. subtracted
3. added
4. none of these

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

Define share.

Q. Obsolescence is concerned with _________.

1. change in taste and habits
2. technological change
3. economic slow down
4. slump in market price

Q. It is the amount which a non-trading concern receives as per the will of a deceased person___________.

1. Donations
2. Life membership fees
3. Legacy
4. Specific donation

Q.

Disclosures regarding share capital are given in ________.

1. Assets side of balance sheet

2. Liabilities side of balance sheet

3. None of these

4. Notes to accounts

Q. The money we get from the public by issuing shares at par is reflected in .

1. Shareholders' Fund
2. Surplus
3. Reserves
4. Current Liability

Q.

The money we get from public by issuing shares at par is reflected in _______

1. Shares

2. Reserves

3. Capital

4. Debentures

Q. The special term used to dentote accumulated profits is .

1. share capital
2. reserves & surplus
3. asset
4. liability

Q.

The accumulated profits are called by a special term called by?

1. Share Capital

2. Reserve and Surplus

3. Share certificate

4. Current Assets

Q. The capital of the company is split into small instruments called .

1. reserves
2. surplus
3. shares
4. liability

Q. Use of safety stock by a firm would _______________.

1. Increase inventory cost
2. Decrease inventory cost
3. None of the above
4. No effect on cost

Q. Write the basis of differences b/w reserves and surplus .