Financial Statements of Companies Class 12 MCQs Questions with Answers

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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