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Q. Which of the following statements are true? I) Financial statements are only interim report. II) Financial statements are also known as annual records. III) Financial statements are historic.

Q. The short term advances made by a bank to the stock brokers and bill brokers are called ---------

Q. Activities that result in changes in the size and composition of the equity capital and borrowings of an entity are called:

Q. The balance in capital reduction a/c after writing off all accumulated loss, fictitious assets and overvalued assets are transferred to -------------

Q. Unsecured debentures are called as ……………….debentures

Q. Which of the following is not an asset that falls under the scope of Ind AS 16?

Q. Bonus issues ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ even when the shares are partly paid.

Q. Financial statement in relation to a company includes:

Q. What is the amount an asset could achieve if sold between knowledgeable, willing parties in an arm’s length transaction?

Q. Advance payment of tax should be shown on the ‐‐‐‐‐‐‐‐‐‐‐‐ side of the balance sheet.