71. Which of the following statement is/are true?
1. Tax shield on depreciation and interest is an important variable both for the lessor and the lessee.
2. Lease transactions in India are governed by the lease act.
3. A lessee should evaluate the lease options against the buying option.
4. As per AS-19, financial lease is shown in the balance sheet of the lessee as an asset.
1. Tax shield on depreciation and interest is an important variable both for the lessor and the lessee.
2. Lease transactions in India are governed by the lease act.
3. A lessee should evaluate the lease options against the buying option.
4. As per AS-19, financial lease is shown in the balance sheet of the lessee as an asset.
72. When all the debentures are redeemed, the balance left in the Debenture Sinking Fund Account is transferred to
73. In what order following items should be shown in company's balance sheet?
i. Goodwill
ii. Investment
iii. Creditors
iv. Preliminary expenses
Choose answer from one of the options
i. Goodwill
ii. Investment
iii. Creditors
iv. Preliminary expenses
Choose answer from one of the options
74. "Make sufficient provisions for future losses, but do not anticipate future profits." The statement is in accordance to the concept of
75. Which account will be debited with the nominal value of shares, when shares are issued to promoters for the service offered by them?
76. Whom of the following is paid at last on the dissolution of a company?
77. Functions of managerial accounting and cost accounting interacting with each other-
78. Liquidity ratios are used:
79. A, B, Co. Ltd. forfeited 20 shares of Rs. 10 each, Rs. 7 called up on which C had paid application and allotment money of Rs. 5 per share. Of these, 15 shares were reissued to D @Rs. 6 per share as fully paid-up for Capital Reserve account would be:
80. Secret reserves may result by:
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- Accounting - Section 1
- Accounting - Section 2
- Accounting - Section 3
- Accounting - Section 4
- Accounting - Section 6
- Accounting - Section 7
- Accounting - Section 8
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- Accounting - Section 10
- Accounting - Section 11
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- Accounting - Section 13
- Accounting - Section 14
- Accounting - Section 15
- Accounting - Section 16
- Accounting - Section 17
- Accounting - Section 18
- Accounting - Section 19
- Accounting - Section 20
- Accounting - Section 21
- Accounting - Section 22
- Accounting - Section 23
- Accounting - Section 24
- Accounting - Section 25