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Accountancy Test - 19
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  • Question 1/10
    5 / -1

    Bank overdraft and cash credit are treated as 'short-term borrowings' in the balance sheet of a company.

  • Question 2/10
    5 / -1

    Which of the following is not included under the head shareholder’s fund?

  • Question 3/10
    5 / -1

    Calls-in-advance are classified under 'current liabilities' and the sub-category 'other current liabilities' in a company's balance sheet.

  • Question 4/10
    5 / -1

    Which of the following is not presented under ‘current liabilities’ in the balance sheet of a company?

  • Question 5/10
    5 / -1

    How are financial statements beneficial to owners of a company? (i) Financial statements report the performance of the management to the shareholders. (ii) The gaps between the management performance and ownership expectations can be understood with the help of financial statements.

  • Question 6/10
    5 / -1

    Public deposits appear under which of the following head in a company’s balance sheet?

  • Question 7/10
    5 / -1

    Unclaimed dividends will be shown under which of the following heads?

  • Question 8/10
    5 / -1

    Interest accrued and due on secured loans comes under the category of ________

  • Question 9/10
    5 / -1

    Debenture redemption reserve is shown under the head 'shareholders' funds' and sub-head 'reserves and surplus' in the balance sheet of a company.

  • Question 10/10
    5 / -1

    ______ are the liabilities which are due within 1 year.

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