A sports club receives admission fees. It is a– (A) Revenue receipt (B) Capital receipt (C) Deferred receipt (D) None of these

A sports club receives admission fees. It is a– (A) Revenue receipt (B) Capital receipt (C) Deferred receipt (D) None of these  
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A company forfeited 30 equity shares of Rs. 10 each fully called-up, for non-payment of allotment money of Rs. 3 and call-money of Rs. 4 per share. If these shares are reissued at Rs. 8 per share fully paid, the amount transferable to capital reserve will be– (A) Rs. 300 (B) Rs. 60 (C) Rs. 90 (D) Rs. 30

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Balance of Debenture Redemption Fund Account is transferred to– (A) Capital Reserve A/c (B) Profit and Loss A/c (C) General Reserve A/c (D) None of these

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A public company can start its business operations after getting– (A) Certificate of Incorporation (B) Minimum Subscription (C) Certificate of Commencement of Business (D) Permission of the Controller of Capital Issue

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Last Answer : Answer: Develop an effective and efficient monitoring and control system for the Indian Capital Market

What is Capital Redemption Reserve Account available for ? (A) Redemption of redeemable preference shares (B) Redemption of redeemable debentures (C) Reorganization of share capital (D) Issue of fully paid bonus shares

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Last Answer : Answer: Issue of fully paid bonus shares

Which of the following is the Accounting equation ? (A) Capital = Assets – Liabilities (B) Capital = Assets + Liabilities (C) Assets = Liabilities – Capital (D) Liabilities = Assets – Capital

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Last Answer : Answer: Capital = Assets – Liabilities

Appointment of full time Company Secretary is compulsory in all those companies, whose paidup share capital is– (A) Rs. 50 lakhs or more (B) Rs. 1 crore or more (C) Rs. 2 crores or more (D) Rs. 3 crores of more

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Last Answer : Answer: Rs. 2 crores or more

Profit prior to incorporation is transferred to– (A) Capital reserve (B) General reserve (C) Profit and Loss Account (D) Trading Account

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Last Answer : Answer: Capital reserve

The profit of a company (whose capital is divided into 25‚000 shares of Rs. 10 each) for the last three years are : Rs. 50‚000; Rs. 60‚000 and Rs. 40‚000. The fair return on investment is taken at 10% p.a. The value of company’s share will be– (A) Rs. 10 (B) Rs. 20 (C) Rs. 30 (D) Rs. 40

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Last Answer : Answer: Rs. 20

X Limited forfeited Ram’s 20 shares of Rs. 10 each on which Rs. 7 is called up. Ram had paid application and allotment money of Rs. 5 per share. Of these forfeited shares 15 shares were reissued to Hari as fully paid up for Rs. 6 per share. What amount should be transferred to Capital Reserve account ? (A) Rs. 15 (B) Rs. 20 (C) Rs. 75 (D) Rs. 100

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Last Answer : Answer: Rs. 15

The portion of share capital which can be called up only on the winding up of a company is known as– (A) Called up capital (B) Paid up capital (C) Authorised capital (D) Reserve capital

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Last Answer : Answer: Reserve capital

For the purpose of preparation of fund flow statement, fund means– (A) Total resources (B) Cash/bank balances (C) Current Assets (D) Working capital

Description : For the purpose of preparation of fund flow statement, fund means– (A) Total resources (B) Cash/bank balances (C) Current Assets (D) Working capital

Last Answer : Answer: Working capital

According to Balance Sheet equation concept, the capital will be– (A) Capital = Liabilities – Assets (B) Capital = Fixed Assets – Current Assests (C) Capital = Assets – Liabilities (D) Capital = Assets + Liabilities

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Last Answer : Answer: Capital = Assets – Liabilities

The goods taken by the proprietor from the shop is debited to– (A) Shop account (B) Goods account (C) Capital account (D) Drawings accounts

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Last Answer : Answer: Drawings accounts

Which one of the following transactions changes the current ratio ? (A) Purchase of goods for cash (B) Plant acquired on account (C) Sold goods on credit (D) Debentures converted into equity capital

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Last Answer : Answer: Plant acquired on account

A machinery is purchased for Rs. 3,00,000 and Rs. 50,000 is spent on its installation. Rs. 5,000 is spent on fuel. What will be the amount of capital expenditure ? (A) Rs. 3,00,000 (B) Rs. 3,50,000 (C) Rs. 3,55,000 (D) None of these

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Last Answer : Answer: Rs. 3,50,000

Recording of capital contributed by the owner as liability ensures the adherence of principle of– (A) Consistency (B) Going concern (C) Separate entity (D) Materiality

Description : Recording of capital contributed by the owner as liability ensures the adherence of principle of– (A) Consistency (B) Going concern (C) Separate entity (D) Materiality

Last Answer : Answer: Separate entity

what is a Capital?

Description : what is a Capital?

Last Answer : The tangible resources of a person or organization, including cash, machinery, land, building, raw material etc. are called capital

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Last Answer : b) Grant from the World Bank

Revenue can be recognized on straight line basis over specific period, when services are provided by an indeterminate number of acts a) Over such period b) Straight line c) Lump sum in year of receipt d) All of the above

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Last Answer : a) Over such period

The most important source of Public Revenue is (a) Taxation (b) Fees (c) Fines and Penalties (d) Subsidies

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The primary source of revenue for a wholesaler is a. investment income. b. service fees. c. the sale of merchandise. d. the sale of fixed assets the company owns.

Description : The primary source of revenue for a wholesaler is a. investment income. b. service fees. c. the sale of merchandise. d. the sale of fixed assets the company owns.

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Want to know more about eligibility and time for admission rules in Bangladesh Sports Education Institute ( BKSP) ?

Description : Want to know more about eligibility and time for admission rules in Bangladesh Sports Education Institute ( BKSP) ?

Last Answer : BKSP issues circulars for new admissions every December. Admission in Boxing , Swimming , Gymnastics from Class Four to Seven Level. Admitted in 8th class in basketball , cricket , football , hockey , shooting ... many games. Height , health are all important. http://www.bksp-bd.org/contact-us.php