Question : Which one of the following are correct in connection with the Common Size Statement?

(A) Expressed as a percentage on revenue from operation

(B) Horizontal analysis

(C) Vertical analysis

(D) Expressed as a percentage on total assets

Choose the correct answer from the options given below:

Option 1: (A), (B) and (D) only

Option 2:  (A), (B) and (C) only

Option 3: (A), (C) and (D) only

Option 4: (B), (C) and (D) only

Question : Arrange the following steps in the correct sequence of the life of a company :

(A) Commencement of Business

(B) Incorporation

(C) Promotion

(D) Floatation

Choose the correct answer from the options given below :

Option 1: (A), (B), (C), (D)

Option 2: (A), (C), (B), (D)

Option 3: (B), (A), (D), (C)

Option 4: (C), (B), (D), (A) 

Question : Arrange the following in the correct order:

(A) Subscribed Capital

(B) Issued Capital

(C) Authorised Capital

(D) Paid-up Capital

(E) Called-up Capital

Choose the correct answer from the options given below:

Option 1: (C), (B), (A), (D), (E)

Option 2: (B), (C), (A), (D), (E)

Option 3: (C), (B), (A), (E), (D)

Option 4: (B), (C), (A), (E), (D)

Question : Arrange the following in the correct sequence in the context of debenture.

(A) Payment to debenture-holders

(B) Creation of DRR

(C) Issue of debentures

(D) Redemption becomes due

Choose the correct answer from the options given below:

Option 1: (A), (B), (C), (D)

Option 2: (A), (C), (B), (D)

Option 3:  (B), (A), (D), (C)

Option 4: (C), (B), (D), (A)

Question : The adjustment required for overvaluation of closing stock, while calculating adjusted profit for calculate goodwill is

(A) reduction from concerned year's profit.

(B) reduction from next year's profit.

(C) addition to next year's profit.

(D) addition to previous year's profit

Choose the correct answer from the options given below:

Option 1: (A), (B) and (D) only

Option 2: (A) and (C) only

Option 3: (A) and (D) only

Option 4: (B), (C) and (D) only.