The profit and loss account under double account system is termed as…..

Related MCQs

• Under double account system, fixed assets are shown at…..
• Under Double account system, the balance sheet is prepared in ……parts
• The Profit and Loss Account of companies is prepared in the form ………….
• Profit and Loss Account of General Insurance Companies are prepared in …………
• Profit and Loss Account of General Insurance Companies are prepared in … ………
• Profit and Loss Account of General Insurance Companies are prepared in … ………
• A company required to prepare in profit & loss Account according to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ in to III schedule to the banking regulation Act.
• The company earns a net profit of 24,000 with a capital of1,20,000. The NRR is 10%. Under capitalisation of super profit, goodwill will be ___________.
• If amalgamation is in the ..............., the General Reserve or Profit and Loss A/c balance will not be shown in the balance sheet.
• Loss Prior to incorporation is treated as ........... Loss, and Vendor’s Salaries are chargeable to ................ incorporation period.