Test Preparation on CA/CS Foundation MCQ Question Foundation Course
1.
Net worth is excess of
2.
On 31st Dec. 2011 a club hadsubscription in arrears of Rs.l6 000and in advance Rs.4 000respectively/ during the year ended31.12.2012 the club receivedsubscription of Rs.2 08 000 whichincludes Rs.lO 400 relating to 2013.What amount of subscription will berecognized as income for the year2012?
3.
Which one of the following financialstatements is not prepared by a Nonprofit organization?
4.
Pre - paid expenses will not bereflected in
5.
Which one of the following balancenot be carried to the nextaccounting period?
