vu mgt101 Lecture No.30 - Quiz No.1
vu mgt101 Financial Accounting Quiz
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Question 1: __________ is to be made, even, if there is a loss
Provision
Reserve
Both of above
None of the given
Question 2: __________ shows the balance of un-distributed profit accumulated over the periods.
Profit And Loss Account
Profit Accounts
Loss Accounts
None of the given
Question 3: Reserve fund, contingencies reserve etc. Are the examples of
Reserves
Revenue Reserves
General reserve
Specific Reserve
Question 4: Reserve created for any special purpose is known as
Capital Reserves
Revenue Reserves
General reserve
Specific Reserve
Question 5: are usually general and can be used for any purpose.
Provision
Reserve
Both of above
None of the given
Question 7: staff gratuity and other benefits, taxes and liabilities that become payable after a period of one year. Is called __________
Current Liabilities
Long Term Liabilities
Question 9: Capital is also termed as
Share cost
Share Profit
Share Capital
None of the given
Question 10: Dividend Equalization fund, Debenture sinking fund etc. Are the examples of
Capital Reserves
Revenue Reserves
General reserve
Specific Reserve
