Advance tax paid is shown in the balance sheet under the head……….
A) Current Liabilities
B) Loans and Advances
C) Fixed Assets
D) None of these
Correct Answer:
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Q5: The dividend declared between two annual general
Q6: The dividend recommended by the Board of
Q7: Unclaimed dividend is shown in the balance
Q8: . ……..is a charge against profit of
Q9: An item which may or may not
Q11: Preliminary expenses not written off are shown
Q12: Which of the following is not a
Q13: Realisation Account is a …………..
A)Real Account
B)Personal Account
C)Nominal
Q14: Trade liabilities include ………..
A)Creditors
B)Debentures
C)Bank overdraft
D)All of these
Q15: . ……..is called a factory of credit.
A)Company
B)Firm
C)Bank
D)None
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