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Free MCQ’s Quiz on Class 12 Accountancy Part 2 – Chapter 3 – Financial Statements of Company – Set 1

Free MCQ’s Quiz for Class 12 Accountancy Part 2 Chapter 3 – Financial Statements of Company with Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 12th Accountancy – ‘Issue and Redemption of Debentures’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.

Here, we have provided Free MCQ’s Quiz on Class 12 Accountancy Part 2 – Chapter 3 – Financial Statements of Company. After we understand how a company raises capital, we must learn about the nature, objectives, and types of financial statements that it must prepare, as well as their contents, format, use, and limitations.

To make you perfect in this topic – Financial Statements of Company, we are here with a set of MCQs Quiz that will help you in brushing up the understanding of the concepts.

Free MCQ’s on Financial Statements of Company.

Each set of MCQ’s consists of 10 Questions and you can see the results immediately after submitting the Set.

Free MCQ’s on Financial Statements of Company

Results

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#1. According to the Companies Act, which of the following is not required to be prepared?

#2. ____ assets should be shown first on a company's balance sheet, according to the prescribed order of assets.

#3. ___ is recorded as a non-current asset on a company's balance sheet.

#4. Which of the following is a financial statement element?

#5. What is the name of the reserve that is created for a specific (specific) purpose and is a charge against revenue?

#6. A company's Annual Report is sent to its ____.

#7. The profit and loss shown by a company's accounts are listed under the ____.

#8. A company's assets are classified as

#9. The difference in trial balance transferred to?

#10. Preliminary Expenses are recorded under which heading on the Balance Sheet?

Finish

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