Match List I with List II Choose the correct answer from the options given below:LIST I: Major Head LIST II: Sub Head A. Non-Current Assets I. Short term provisions B. Current Assets II. Money received against share warrants C. Current Liabilities III. Non-Current investment D. Shareholder’s Funds IV. Inventories
A-III, B-IV, C-I, D-II
Non-current assets correspond to non-current investments, current assets include inventories, current liabilities relate to short-term provisions, and shareholders’ funds account for money received against share warrants.
Important Questions from Financial Statements of a Company
Arrange the following steps in the correct sequence of the life of a company:
(A) Commencement of Business
(B) Incorporation
(C) Promotion
(D) Floatation
Choose the correct answer from the options given below:
Salaries and wages are shown in the Statement of Profit and Loss under the head:
The amount of Capital Reserve is:
Loan taken by A Ltd from Punjab National Bank will be classified under the following head:
Shareholder’s fund will be:
