Which of the following is not included in Non-current liabilities, while preparing a Balance Sheet of a company :

Match List I with List II

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Which of the following items are included under Reserve and Surplus :

(A) Security Premium reserve

(B) Revaluation reserve

(C) Share option outstanding account

(D) Reserve Capital

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Calculate subscription of current year to be credited to Income and Expenditure account from the following information :

Subscription Received Rs. 80,000, Subscription Received in Advance Last year Rs. 10,000, Subscription Received in Advance during this year Rs. 2,000 and Accrued Subscription at the end of current year Rs. 5,000 :

Which of the following items are part of Intangible non current Assets:

A. Patents

B. Furniture

C. Statement of Profit & Loss A/c (Dr)

D. Goodwill

E. Trademark

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Which of the following is not the nature of financial statements-

Identify the salient features of Income and Expenditure account from the following:

A. It is prepared on accrual basis.

B. It includes both revenue as well as capital items.

C. It is prepared after taking into account the additional information regarding outstanding/prepaid expenses and depreciation etc.

D. Its result is surplus or deficit.

E. It is prepared with the help of Receipts and Payments Account.

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