Advance tax paid is shown in the balance sheet under the head……….

Related MCQs

• A few errors committed in Ahhiwalia's books of account are given below. State which errors would affect the Trial Balance. (a) Sales of `950 to Ram completely omitted from books of account (b) Purchases of `720 from Shyam entered in the purchases journal as `700 (c) Purchases Journal is overcast by `1,000 (d) Sales returns journal is undercast by `200 (e) Amount paid to Agarwal wrongly posted to the debit to Mittal's account (f) Bank overdraft shown under debit column in the Trial Balance (g) Sales of `500 to Sadiq entered in sales journal as sales to Mushtaq (h) Wages paid for installation of machinery debited to wages account
• Subscriptions received in advance by a club are shown on……………..of the Balance Sheet Sol:
• Subscriptions received in advance by a Club are shown on .......... side of the Balance Sheet—
• Debentures are shown in the balance sheet under head
• In a bank balance sheet, unclaimed dividend will be shown under the head
• The security premium account is shown in the balance sheet under the head……….
• Debentures are shown in the balance sheet under the head ………..
• Unclaimed dividend is shown in the balance sheet under the head ……..
• Preliminary expenses not written off are shown in the balance sheet under the head…
• While checking the accounts of ABC the following discrepancies were noticed, even though the Trial Balance was made to balance by putting the difference to Suspense A/c. (i) Sales day book for the month of June‘12 was found overcast by ` 7,000. (ii) A credit purchase of ` 3,000 was omitted to be recorded in the days book. (iii) ` 4,300. Received from A credited to A A/c ` 3,400. (iv) Purchase of Office Equipment worth ` 5,000 included in trading purchases. From the above details what would have been the difference in Trial Balance which was made to balance by opening Suspense A/c.