Tag: book keeping and accountancy
Questions Related to book keeping and accountancy
Which of the following consisting the final account of a non-profit organization_____________.
Entrance fee of Rs. 20,000 received by a club is a _____________.
Statement I: Receipt & Payment A/c starts with the opening balance of cash in hand and at bank.
Statement II: Income & Expenditure A/c have no opening balance.
Select the correct answer the options given below.
An advance receipt of subscription from a member of the non profit organization is considered as a/an _______________.
The ______________ is the summary of cash and bank transactions which helps the preparation of Income and Expenditure account and Balance Sheet.
Debentures which are convertible into shares at the option of the shareholders according to the terms of the issue are known as ____________.
Which of these statement is not true about debenture holders?
Which of the following is incorrect?
Use the following information for questions given below:
Consider the following data pertaining to A Ltd. as on March $31, 2006$:
Share Capital
Issued, subscribed and called-up $(20,000$ shares of $Rs. 100$ each) $Rs. 20,00,000$
Calls-in-arrear $Rs. 10,000$
Profit and loss account (Cr.) as on April $01, 2005\ Rs. 1,20,000$
Profit for the year $Rs. 2,60,000$
The company wants to create a Debenture Redemption Reserve and to transfer $Rs. 50,000$ every year out of profits to redeem the debentures.
The company declared $10$% dividends.
The amount of dividend declared will be _______________.
In case of an Issue of a debenture of Rs$100$ at $Rs110$, Rs$10$ is to be credited to: