Calculate subscription received during the year 2021-22 from the following information :

Amount of subscription credited to Income and Expenditure A/c for the year ended 2021-22 Rs. 1,05,000

Subscription received in advances as on 31 March, 2022 Rs. 10,000

Subscription received in advances as on 31 March, 2021 Rs. 7000

Subscription outstanding as on 31 March, 2021 Rs. 10,500

Subscription outstanding as on 31 March, 2022 Rs. 20,500

Which among the following items is shown as the Major Head in the balance sheet of a company?

In order to bring clarity regarding the identity of ultimate owners of the company, disclosure of shares in the company held by each shareholder is required, holding more than _____ shares, specifying the number of shares held.

Arrange the following under the heading Equities and Liabilities in balance sheet of a company.

(A) Non-current liabilities

(B) Current liabilities

(C) Shareholders fund

(D) Share application money pending allotment

Choose the correct answer from the options given below:

Arrange the following in a correct sequence to prepare liabilities side of balance sheet as per Schedule III of Companies Act, 2013:

A. Non-Current Liabilities

B. Shareholders' Funds

C. Current Liabilities

D. Share Application money pending allotment

Choose the correct answer from the options given below:

Identify the limitations of financial statements :

A. Can be biased

B. Report on stewardship function

C. Aggregate information

D. Only interim reports

E. Basis of fiscal policies

Choose the correct answer from the options given below:

While preparing financial statements on certain basic assumptions such as going concern, money measurement, and realization etc, they are known as: