Tag: introduction to final accounts
Questions Related to introduction to final accounts
Financial statements only consider _________________.
What is the correct sequence of the following in the preparation of periodical financial statements?
I. Preparation of Balance sheet
II. Preparation of Funds flow statement
III. Preparation of Trial balance
IV. Preparation of Profit/Loss statement
Select the correct answer from the codes given and mark your answer sheet accordingly.
When shares are forfeited, the share capital account is debited by ________________.
Financial Statements usually consists of _____________.
Which of the following are the basic objectives of preparing Financial Statements?
Which of the following statement is not correct?