Accounting Mcqs

Q.  Which of the following statements are / is true? – Events after Balance Sheet are?

a. All the significant events after the Balance Sheet date
b. The events after Balance Sheet date but before submitting it to the Registrar of Companies
c. The events after Balance Sheet date but before its approval by the board
d. All changes after Balance Sheet date before its approval


ANSWER: See Answer
 
Events occurring after the Balance Sheet date are those significant events, both favorable and unfavorable, that occur between the Balance Sheet date and the date on which the financial statements are approved by the Board of Directors in the case of a company, and by the corresponding approving authority in the case of any other entity.
TasDia Network - Mcqs | Signature | Lyrics
MCQs:  A book wherein various accounts are opened is called____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of these is not a special purpose journal?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The periodic total of sales day book is posted to___________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The periodic total of purchase day book is posted to____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Capital expenses are shown in___________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Revenue receipts are shown in___________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Revenue is generally recognized as being earned at that point of time when?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following is a revenue expenses?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following is a capital expenditure?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of these types of expenditure would not be treated as a Capital Expenditure?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Expenses of the following nature are treated as a Revenue expenses except__________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Cash received from debtors would be deemed as___________of funds.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Generally the term fund is used to mean the difference between?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of these documents is not required for Bank Reconciliation?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of these items are taken into consideration for preparation of adjusted Cash Book
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Credit balance as per Cash Book mean____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Debit side of Bank Pass book corresponds to___________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Difference in Bank Balance as per Pass Book and Cash Book may arise on account of_____________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The Bank Reconciliation Statement is prepared?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Bank reconciliation is a statement prepared to reconcile__________?
Category: MBA Questions,   Published by: T-Code Scripts