What is followed while preparing the financial statements?

Related MCQs

• Which of the following is true about financial statements? A) Financial statement gives a summary of accounts. B) Financial statements can be stated as recorded facts.
• If 6% Pref. share capital ₹2,00,000 were redeemed at a premium of 5%, while preparing Cash Flow Statement its effect on cash flow will be :
• If the amount of goodwill is ₹40,000 at the beginning of a year and ₹48,000 at the end of that year then while preparing cash flow statement its effect on cash flow will be :
• How will you deal increase in the balance of ‘Securities Premium Reserve’ while preparing a Cash Flow Statement?
• How will you treat payment of ‘Interest on Debentures’ while preparing a Cash Flow Statement?
• In financial statements, the fixed assets are shown at …
• Which of the following are techniques, tools or methods of analysis and interpretation of financial statements?
• Financial statements are ____________.
• Financial statements are meaningful and useful only when they are ___________.
• When the concept of ratio is defined in respect to the item shown in the financial statements, it is termed as