Calls-in-arrears is shown in Balance Sheet as: MCQ with Answer and Explanation
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Question #1
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The 'Dividend' is paid on:
Correct Answer: Option C
Explanation:
Dividend is paid on the paid-up share capital, i.e., the amount actually received from shareholders.
Dividend is paid on the paid-up share capital, i.e., the amount actually received from shareholders.
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Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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Assertion (A): Under Ind AS 1, an entity must present a statement of changes in equity as part of its complete set of financial statements. Reason (R): This statement provides information about the changes in the carrying amount of each component of equity during the period. Choose the correct option.
Correct Answer: Option D
Explanation:
Ind AS 1 requires the statement of changes in equity to show how each component of equity (share capital, reserves, retained earnings) changed during the period due to profits, dividends, and other comprehensive income. R correctly explains A.
Ind AS 1 requires the statement of changes in equity to show how each component of equity (share capital, reserves, retained earnings) changed during the period due to profits, dividends, and other comprehensive income. R correctly explains A.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Component Accounting' is required under:
Correct Answer: Option D
Explanation:
Ind AS 16 requires significant parts of an asset to be depreciated separately.
Ind AS 16 requires significant parts of an asset to be depreciated separately.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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