(B) Security Premium Reserve (D) Current Liability, 30. (A) Current Assets As per the Act, the following amounts which have remained unclaimed … (C) Contingent Liability (A) Unamortized Expenditure (C) Contingent Liabilities b. Interest accrued and due on debentures appear in a Company’s Balance Sheet under the Sub-head …………….. Thus, the statement given in the question is false and hence, option (b) is the correct … Managerial Accounting MCQ Set-6 - Gk By Mr. DJ Managerial accounting encompasses many facets of accounting … (B) Current Liability 37. (A) Current Investments Following item cannot be shown under provision ____. (C) Long-term Borrowings (B) Current Assets (b) Current Liabilities. (D) Livestock, 35. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. 66. 300+ TOP Financial Statements of Companies Class 12 MCQs If you find difficulty in answering these questions, read ‘Financial … (B) Short-term Provision Liabilities of subsidiary company. Unclaimed dividend are those dividend which have been paid by the company but they are not taken or claimed by the shareholder, the reason for dividend being not claimed may be ignorance or shareholder may have shifted to other place and therefore missed the dividend cheque. (C) Commitments Download solutions... Download latest 2021 Sample Papers for Class 12 Accountancy as per CBSE NCERT pattern and syllabus. (C) Any of the above (C) Other Current Liabilities (C) Long-term Borrowings Nursing, MCQ Questions for Class 10 Sanskrit with Answers Shemushi Bhag 2, MCQ Questions for Class 9 Sanskrit with Answers Shemushi Bhag 1, MCQ Questions for Class 8 Sanskrit with Answers Ruchira Bhag 3, MCQ Questions for Class 7 Sanskrit with Answers Ruchira Bhag 2, MCQ Questions for Class 6 Sanskrit with Answers Ruchira Bhag 1, Domain and Range Calculator | Best Online Calculator, Linear Programming Calculator | Handy tool to find Linear Programming, Inflection Point Calculator | Calculate Inflection Point, Function Calculator | Online Calculator to solve Functions. 50,000, 9% Debentures redeemable within 12 months of the date of Balance Sheet will be shown under : Question and Answer forum for K12 Students. (B) Long-term Borrowings (A) Long-term Provisions Unclaimed/Unpaid dividends. Balance sheet of a company is required to be prepared in the format given in ……………………… (B) Trade Payables Multiple Choice Questions for important part of exams for Grade 12 Accountancy and if practiced properly can help you to get higher marks. (C) Schedule III Part III In a Company’s Balance Sheet …………………. Which of the following items is shown under the head ‘Current Liabilities’ while preparing the Balance Sheet of a company? Fastest, Reliable, Cheapest Game Keys and Digital Services at DamnModz. (A) Trade Investment (d) Current Assets. When an Investor Fails to encash the dividend or redemption warrant before it becomes Invalid, the said amount is called as Unclaimed Dividend or Unclaimed Redemption. Which one of the following is Commitment? 20. a) 20 b) 25 c) 15 d) 10 150. Redemptions generally do not get ignored, as investor waits for the same and if not credited on time, follow up with the Mutual fund … (C) Intangible Assets (C) Difference between Opening Inventories and Closing Inventories, if Opening Inventories are higher 34. Fixed Deposits appear in a Company’s Balance Sheet under : CBSE has issued the latest syllabus for the academic year 2021 2022 which is applicable for all... SOF~ The most desired name for Olympiads in the Educational World! Which one of the following items is shown under the heading ‘current liabilities’ in the Balance Sheet of a company? 1. (D) Contingent Liabilities, 20. Ques. As per Companies Act, the Balance Sheet of a company is required to be presented in ................ Ques. Which of the following is not required to be prepared under the Companies Act, (C) Report of Directorâs and Auditorâs, Ques. In a Company's Balance Sheet, Debit (Negative) balance of Statement of Profit and Loss is shown under, Ques. Patents and Trademarks are examples of. d. Miscellaneous expenditure. Enter pincode to get tutors in your city. (C) Report of Director’s and Auditor’s Interest accrued on Investments appear in a Company’s Balance Sheet under the Sub-head …………………. Bills Receivables appear in a Company’s Balance Sheet under the Sub-head …………………….. Click... Click here to download CBSE Class 12 Accountancy MCQs for important topics, Download latest MCQs for Class 12 Accountancy, download in pdf free, Free CBSE Class 12 Accountancy Online Mock Test with important multiple choice questions as per CBSE syllabus. We help people pass any … (A) Securities Premium Reserve Trade Investments appear in a Company’s Balance Sheet under the Sub-head …………………. Latest Syllabus for Class 11 for 2021 2022 (B) Reserves and Surplus 20. (D) Reserve & Surplus, 8. Add your answer and earn points. (B) Current Investment (D) Short-term Provision, 26. (C) Long-term Provisions Total fixed deposits should not exceed ____% of paid up share capital and free reserves. (D) None of the above. Unclaimed/Unpaid dividends – IEPF w.r.t. Answer. All the shareholders have duly paid the called up amount. Answer: C (a) Naked Debentures (b) Mortgage Debtentures (c) Mortagage Loans from Bank (d) None of the above … Unclaimed Dividend Account is transferred to the Central Government with details of shareholders who have not claimed the dividend. c. Secured loans. Which one of the following items is shown under the heading ‘current liabilities’ in the Balance Sheet of a company? Following is not a secured loan _____. (B) Patents Change in Inventories means : Reserves and Surplus B. Access NCERT Solutions for Class 12 Accountancy. (A) Reserve & Surplus Expenses allowed on issue of shares appears in a Company’s Balance Sheet under : (D) Unamortized Expenditure, 34. (D) Trade Payables, 27. (A) Non-Current Investments According to prescribed order of assets in a Company’s Balance Sheet ……………………… assets should be shown first of all. (A) Unamortized Assets Full Form of MBBS, BDS, BAMS, BUMS, B. Sc. Interim dividend is always shown a) P/L appropriation account b) on the asset side of balance sheet c) on the liability side of the balance sheet d) none of these. 15) As per Revised Schedule VI of the Companies Act,1956 ‘unclaimed dividends’ are to be shown under the head Current liabilities. (B) Current Liabilities (C) Other Current Assets (D) Other Non-Current Assets, 15. c. Assets and Liabilities of … Latest Syllabus for Class 10 for 2021 2022 DamnModz has been providing the fastest and cheapest bundles, in … (D) Tangible Assets, 11. 16) AS 13 is related to Accounting for Investment . Multiple Choice Questions 1.The global key professional accounting body is a) The International Accounting Standards Board B) The Institute of Chartered Accountants of India C) The Financial accounting standard board. (D) Long-term Borrowings, 10. Share capital will be shown as : (D) Patents, 33. (D) Short term Loans and Advances, 18. (B) Reserve Fund More Questions.............................. 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