Revision Practice

The B/S provides information about financial position of an enterprise

• over a period of time

• During a period of time

• For a period of time

• At a point of time

Debentures redeemable after 10 yrs from the date of issue are shown as------

• Long term Borrowings

• Other Long term Borrowings

• Short term borrowings

• Total debts

Name the item out of the following which is shown as Short term provision

• Provision for tax

• Interest accrued but not due

• Employees Provident Fund

• Interest Accrued and due

Money received against Share Warrants is shown as

• SHF

• NCL

• LTB

• CL

Share Application Monet (refundable ) is shown as

• other long term liabilities

• other current liabilities

• short term provisions

• short term borrowings

calls in advance and interest payable thereon is shown as

• SHF

• Other NCL

• Other CL

• Trade Payables

Mining Rights are----

• Tangible fixed assets

• Intangible fixed assets

• intangible assets under development

• Capital work in progress

Premium on redemption of debentures is shown as

• long term borrowings

• short term borrowings

• otherlong term borrowings

• short term provisions

Loose tools appear in the company's B/S under the head/subhead

• Inventory

• Non current assets

• Other non current assets

• stores and spare parts

Surplus i.e Balance in statement of P & L is shown as

• Share Capital

• Reserves and surplus

• other long term liabilities

• current liabilities