Question

1.

2.

3.

4.

5.

Fill in the blanks with the appropriate alternatives and rewrite the statement.(Any 10)

For computing the pre incorporation profits, fixed expenses are ________________________

a) Allocated in the ratio of Sales b) Allocated in the ratio of Time

c) Treated as pre incorporation expenses d) Treated as post incorporation expenses

Balance in Capital Reduction A/c is generally transferred to ____________________________

a) General Reserves b) Capital reserves c)P & L A/c d) None of the above

For computing Pre-Incorporation profits, Depreciation ________________________________

a) is treated as Pre-incorporation expenditure b) is treated as post-incorporation expenditure

c) is allocated in Time Ratio d) is allocated in Sales Ratio

Short term investment are carried at ___________________________

a) Market Value b) Cost Price

c) Cost or M.V. whichever is less d) None of the above

Currency used in presenting the Financial Statement.

a) Reporting currency b) Non foreign Currency c) Official currency d)Indian Rupee​

Answer 1

Answer:

haa poora book dede

sirf 5 points mein kon karega itna bada questions