Every company registered under The Companies Act 2013 shall prepare its balance sheet, accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013 to harmonise the disclosure requirement with the accounting standards and to converge with new reforms. The correct sequence of Fixed assets to be shown would be:

(A) Capital Work-in-Progress

(B) Intangible Assets under Development

(C) Intangible Assets

(D) Tangible Assets

Choose the correct answer from the options given below:

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

Select the sub-head under which loose tools will be shown in the Balance Sheet of a company -

Value of 12% government securities as at 31 March 2021 was Rs. 85,000 which were purchased at that date at par. Additional 12% securities worth Rs. 50,000 were purchased on 31 March, 2022. Total interest debited to receipts and payments A/c during the year on the above securities is Rs. 9,000 calculate Accrued interest on 31 March, 2022.

Match List - I with List - II

Choose the correct answer from the options given below :

Which of the following is NOT a feature of financial statements?

Life Membership fees of Rs.25,000 is