Accounting Principles Quiz

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Questions and Answers

What was the total amount added to the 'Land & Building' category in the current year?

  • Rs. 1,500,000
  • Rs. 1,023,960 (correct)
  • Rs. 1,000,000
  • Rs. 10,23,960

What is the capital represented by the 8% preference shares of Rs. 15 each?

  • Rs. 24,000
  • Rs. 30,000
  • Rs. 20,000
  • Rs. 30,092 (correct)

Which of the following amounts represents the balance of the net revenue account for the current year?

  • Rs. 51,784
  • Rs. 50,784 (correct)
  • Rs. 50,000
  • Rs. 49,999

What is the total cash held by Nirzar Water Supply Co. Ltd., when combining cash at bank and cash in hand?

<p>Rs. 54,036 (C)</p> Signup and view all the answers

How much money is allocated for unpaid dividends?

<p>Rs. 240 (B)</p> Signup and view all the answers

Flashcards

Reserve Fund Balance

The amount of money set aside for future needs, specifically 16,000 Rs.

Unpaid Dividends

Amounts owed to shareholders for past profits, 240 Rs.

Net Revenue Balance (Cr.)

Credit balance of net revenue account for the year (50,784 Rs)

Land and Building Addition

Increase in the company's land and building assets, 10,23,960 Rs.

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Total Equity Share Capital

The total value of the company shares owned by shareholders (9,60,000 Rs).

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