Only Current Assets and Current Liabilities are shown in the statement showing

Related MCQs

• Which of the following rules stands true while preparation of Schedule of changes in working capital? 1) An increase in current assets increases working capital. 2) An increase in current assets decreases working capital. 3) An increase in current liabilities decreases working capital. 4) An increase in current liabilities increases working capital
• The balance of fixed assets of Breej Ltd. at the end of 2018 and 2019 were Rs 5,70,800 and Rs 6,15,300. During the year 2019 a machinery costing Rs 60,000 was sold. Determine the purchase of fixed assets.
• Loss on sale of Fixed Assets / Investment will be shown on the credit side of adjusted profit and loss account.
• When a part of the Fixed Assets is sold during the year, the Profit on sale is shown on the credit side of which Account?
• Which of the following are Current Liabilities?
• Any change in Current Liabilities will effect inverse change in the working capital.
• Last year’s proposed dividend has been paid during the current year and hence will be shown as________
• Which of the following are Non-current Assets?
• Any change in the Current assets is positively correlated to the change in working capital
• The balances of Provision for Taxation were Rs. 20000 and Rs. 15000 in 2019 and 2020 respectively, if in the current year taxed paid were Rs. 10000 then what will be the current year provision for tax made from profit?