Test Preparation on CA/CS Foundation MCQ QuestionPart - A
1.
The written down value of machineon 31'^ March 2013 is Rs.72 900.The machine was purchased on 1?^ 22.April 2010. Depreciation is beingcharged (S) 10% p.a. by diminishingbalance method. The cost price ofthe machine would be -
2.
If outstanding wages appear in inthe trial balance while preparingthe final accounts it will be shown in
3.
XY Ltd. issued 2 50 000 equityshares of Rs.lO eahc at a premiumof Rs.l each payable as Rs.2.5 onapplication. Rs.4 on allotment andbalance on the first and final callApplications were received for 5 00 000 equity shares but the companyallotted to them only 2 50 000shares. Excess money was refundedafter adjustment for furher calls.Last cal on 500 shares were notreceive and shares were forfeitedafter due notice. This is a case of