Window dressing is a practice

Identify the term that indicate excess of Expenditure over Income, in case of a Not-for-profit Organisation.

The manner prescribed in the revised schedule iii to the companies act, 2013, the particulars of balance sheet will appear in the order

(A) Deferred tax assets

(B) Deferred tax liabilities

(C) Reserves and Surplus

(D) Short-term provisions

Choose the correct answer from the options given below:

Current liabilities include :

(A) Trade receivables

(B) Unclaimed dividend

(C) Interest accrued but not due on loan

(D) Acceptances

(E) 12% debentures redeemable after four years

Choose the correct answer from the options given below :

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 items related to the Statement of Profit and Loss in a sequence:

(A) Profit before extraordinary items and tax

(B) Profit before tax

(C) Cost of materials consumed

(D) Revenue from operations

Choose the correct answer from the options given below:

Loss on sale of furniture is