The final accounts of a Joint Stock Company are prepared in accordance with:
A. Schedule VI of Section 211 of the Companies Act
B. Schedule III of Section 211 of the Companies Act
C. Schedule V of Section 211 of the Companies Act
D. Section 210 of the Companies Act
Answer: Option A
Related Questions on Miscellaneous in Commerce
A. Expenditure for the business
B. Cost for the business
C. Gain for the business
D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan
B. Dividend to stock holders
C. The purchase of land
D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these
Join The Discussion