Financial Statements of Companies Class 12 MCQs Questions with Answers

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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