Provisions and Reserves

Provisions and Reserves

11th Grade

20 Qs

quiz-placeholder

Similar activities

B1 (op) (U6) ARTICLES

B1 (op) (U6) ARTICLES

9th - 12th Grade

15 Qs

Program Perjalanan Wisata

Program Perjalanan Wisata

11th Grade

20 Qs

Autobiographies of Famous Indians

Autobiographies of Famous Indians

6th Grade - Professional Development

15 Qs

Weather and Seasons

Weather and Seasons

2nd Grade - Professional Development

20 Qs

Diode - Foundation Level Quiz

Diode - Foundation Level Quiz

10th - 12th Grade

16 Qs

Marist Feud

Marist Feud

7th - 12th Grade

20 Qs

Test Your Knowledge Part One

Test Your Knowledge Part One

1st - 12th Grade

15 Qs

Factors Affecting Fixed Capital Requirement - Topic 2

Factors Affecting Fixed Capital Requirement - Topic 2

KG - University

15 Qs

Provisions and Reserves

Provisions and Reserves

Assessment

Quiz

Education

11th Grade

Hard

Created by

jayanta biswal

Used 106+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Reserve arising from capital receipts are known as

capital Reserve

Reserve fund

Any of ( a ) or ( b )

None of these

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Provisions are

external transactions

internal transactions

can be ( a ) or ( b )

None of these

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

if the amount of any known liability cannot be determined with accuracy

a liability should be provided

a provision should be made

a reserve should be set aside

none of these

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

profit on sale of fixed asset is used to create

specific reserve

General Reserve

Capital Reserve

None of these

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Provision is a

specific reserve

general reserve

capital reserve

none of these

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

if the amount of known liability can be determined with accuracy

a liability should be provided

a provision should be made

a reserve should be set aside

none of these

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Provision is a......

charge against profit

appropriation of profit

contingent liability

none of the these

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?