(A) Only (i) above (X)
(B) Only (iii) above (X)
(C) Both (i)and (iii) above (X)
(D) (i), (iii), (iv) and (v) above ()

Answers: Which of the following accounts appear(s) in the Balance Sheet of a business?i. Stock at the end of the financial year ii. Stock at the beginning of the financial year iii. Drawings iv. Prepaid Rent v. Interest received but not yet earned (i), (iii), (iv) and (v) above.

(A) Results of operations for a particular period (X)
(B) Financial position during a particular period (X)
(C) Profit earning capacity for a particular period (X)
(D) Financial position as on a particular date ()

Answers: The Balance Sheet gives information regarding the Financial position as on a particular date.

(A) Balance Sheet discloses financial position of the business (X)
(B) A person who owes to the business is called Debtor (X)
(C) Decrease in the value of the asset could decrease the value of a liability (X)
(D) Assets are to be shown in the Balance Sheet at the realizable value ()

Answers: Which of the following statements is false ? select the false from below options Assets are to be shown in the Balance Sheet at the realizable value.

(A) On the assets side under current assets (X)
(B) On the assets side under loans and advances (X)
(C) On the liabilities side under current liabilities ()
(D) On the liabilities side under provisions (X)

Answers: Tax deducted at source appears in the Balance Sheet On the liabilities side under current liabilities.

(A) Sundry Debtors (X)
(B) Stock (X)
(C) Prepaid insurance (X)
(D) All of A. B. and C. above ()

Answers: Which of the following are/is a current asset All of A. B. and C. above.

(A) Stock (X)
(B) Vehicle (X)
(C) Fixed deposit in bank (X)
(D) Both A. and C. above ()

Answers: Which of the following are/is not a fixed asset Both A. and C. above.