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MCQ On Balance Sheet MCQs on Balance Sheet A balance sheet is a financial statement that records a firms liabilities assets and shareholders equity at a particular time.
Balance sheet is a statement of mcq. It is a basis for evaluating rates of return and its capital structure. C There is no link between the balance sheet the income statement and the cash flow statement. MCQ Questions for Class 12 Accountancy with Answers Q1.
On a certain fixed date. Each question has four options followed by the right answer. A Balance Sheet b Profit Loss Ac c Both a and b d None of these.
The statement which shows the assets and liabilities of a company is known as a Balance sheet b Profit Loss Account c Trial Balance d None of the options. Download these Free Balance sheet statement MCQ Quiz Pdf and prepare for your upcoming exams Like SSC Railway UPSC State PSC. A To establish relationship between revenue from operations and other items of statement of profit loss B To present changes in assets and liabilities C To present changes in various items of income and expenses.
The amount reported on the balance sheet for Property Plant and Equipment is the companys estimate of the fair market value as of the balance sheet date. C Both a and b. The statement of Assets Liabilities is called.
Find Answer to MCQ The balance sheet is alternately known as. Balance Sheet is a statement of. Final accounts mcqs is a set of multiple choice questions.
We have prepared a Multiple Choice Questions MCQs. Accounting Mcqs accounting-mcqs Previous Post. The debentures to be redeemed within 12 months from the date of balance sheet is shown under i short term borrowings ii long term borrowings.
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