Question : The balance of the Share Forefieture account is displayed under the line item-

Option 1: Reserve & Surplus

Option 2: Unsecured Loans

Option 3: Share Capital Account

Option 4: None of the above

Question : Which of the following statements is false?

Option 1: Long Term Debts = Debentures + Mortgage Loan

Option 2: Shareholder’s Funds = Equity Share Capital + Pref. Share Capital + Capital Reserve + P&L Balance+ long-term debt 

Option 3: Total Assets = Non-Current Assets + Current Assets

Option 4: None of the above

Question : Which of the following statements is false?

Option 1: Long Term Debts = Debentures + Mortgage Loan

Option 2: Shareholder’s Funds = Equity Share Capital + Pref. Share Capital + Capital Reserve + P&L Balance+ long-term debt 

Option 3: Total Assets = Non-Current Assets + Current Assets

Option 4: None of the above

Question : Which of the following is not a type of balance of payments surplus or deficit?

Option 1: Trade surplus or deficit

Option 2: Current account surplus or deficit

Option 3: Capital account surplus or deficit

Option 4: Service account surplus or deficit

Question : The balance of trade is a part of which account in the Balance of Payments?

Option 1: Current Account

Option 2: Capital Account

Option 3: Financial Account

Option 4: Reserve Account

Question : In the case of fixed capital, partners will have

Option 1: credit balance for their capital account

Option 2: debit balance of their capital account

Option 3: credit and debit balance in their capital account

Option 4: credit balance or Nil balance in their capital account