Financial Statements of Companies Class 12 MCQs Questions with Answers

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

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

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

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

5. Short-term Borrowings appear in a Company’s Balance Sheet under the 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. Which of the following is not required to be prepared under the Companies Act

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

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

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

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

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

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

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

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

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

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

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

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