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Questions and Answers
Which one of the following is shown under Current Liabilities?
Which one of the following is shown under Current Liabilities?
- Contingent
- Fixed Liabilities
- Current Assets
- Unclaimed Dividend (correct)
Which one of the following is the meaning of capital reduction?
Which one of the following is the meaning of capital reduction?
- Reduction in paid-up capital
- Reduction in uncalled capital (correct)
- Reduction in authorized capital
- Reduction in called capital
What is required for capital reduction?
What is required for capital reduction?
- Manager order
- Court order
- Company order (correct)
- Interim order
When fictitious assets are written off, which account is it written off to?
When fictitious assets are written off, which account is it written off to?
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Under which category are Bills Receivable shown?
Under which category are Bills Receivable shown?
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