Financial Statements of Companies Class 12 MCQs Questions with Answers

1. Calls in advance appear in a Company’s Balance Sheet under ………………..

2. Provision for Tax appears in a Company’s Balance Sheet under the Sub-head ……………………

3. Which of the following is not required to be prepared under the Companies Act

4. Goodwill appears in a Company’s Balance Sheet under the Sub-head ………………….

5. Share Forfeiture Account appears in a Company’s Balance Sheet under the Sub-head ……………….

6. Calls in Arrears appear in a Company’s Balance Sheet under ………………..

7. ‘Claims against the Company not acknowledged as debts’ is shown under the head ……………….

8. Prepaid Expenses appear in a Company’s Balance Sheet under the Sub-head ………………

9. Short-term Borrowings appear in a Company’s Balance Sheet under the head …………………..

10. In a Company’s Balance Sheet …………………. appear under the head ‘non-current assets’.

11. Expenses allowed on issue of shares appears in a Company’s Balance Sheet under :

12. As per Companies Act, the Balance Sheet of a company is required to be presented in ………………………

13. Trade Investments appear in a Company’s Balance Sheet under the Sub-head ………………….

14. Unclaimed dividend appears in a Company’s balance Sheet under the Sub-head ………………

15. …………… appear in a Company’s Balance Sheet under the Sub-head Short-term Provision

16. Fixed Deposits appear in a Company’s Balance Sheet under :

17. Balance sheet of a company is required to be prepared in the format given in ………………………

18. According to prescribed order of assets in a Company’s Balance Sheet ……………………… assets should be shown first of all.

19. Securities Premium Reserve appears in a Company’s Balance Sheet under :

20. Bills Receivables appear in a Company’s Balance Sheet under the Sub-head ……………………..