The 'Revenue Deficit' is: MCQ with Answer and Explanation
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Question #1
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When shares are forfeited, the Share Capital Account is debited by:
Correct Answer: Option A
Explanation:
Upon forfeiture, the share capital account must be reduced (debited) by the amount that was called up by the company until that date.
Upon forfeiture, the share capital account must be reduced (debited) by the amount that was called up by the company until that date.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'XBRL' (eXtensible Business Reporting Language) is used for:
Correct Answer: Option D
Explanation:
XBRL facilitates digital reporting of financial statements in a machine-readable format.
XBRL facilitates digital reporting of financial statements in a machine-readable format.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Companies Act, 2013' mandates CSR spending for companies with:
Correct Answer: Option B
Explanation:
Section 135 specifies the criteria for mandatory CSR.
Section 135 specifies the criteria for mandatory CSR.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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