#assets

Introduction to Microeconomics 7

Consider the following statements. 1. Capital receipts are the amount received in the form of taking loans and selling o

Both 1 and 2 correct per microeconomics basics; central problems scarcity choice opportunity cost.

Ref: NCERT Economics Class XI Chapter 1 Introduction to Microeconomics explains central problems scarcity choice PPC opportunity cost concepts clearly.

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Financial Statements 2

Directions For Questions Directions: Read the following passage carefully: The balance sheet is a snapshot of a company'

Revenue financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

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Financial Statements 2

Directions For Questions Directions: Read the following passage carefully: The balance sheet is a snapshot of a company'

Company’s financial position at a specific financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

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Financial Statements 2

Financial statements include

profit and loss account only. financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

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Financial Statements 2

Which of the following item can be presented on the asset side of the balance sheet of a company?

Both (a) and (c) financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

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Financial Statements 1

Which of the following item can be presented on the asset side of the balance sheet of a company?

Both (a) and (c) financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

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Financial Statements 1

Which of the following is shown under assets side of a company’s balance sheet?

Non-current investments financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

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Financial Statements 1

Balance sheet ascertains _________ of the company.

Financial position financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

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Accounting Fundamentals 1

All those income which neither increases financial liabilities nor reduces assets.

Revenue income neither increases liability nor reduces assets; capital income does opposite.

Ref: NCERT Accountancy Class XI Chapter 1 Accounting Fundamentals explains accounting meaning objectives advantages limitations double entry system clearly.

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