521. If asset are more than liabilities…….
A. Loss
B.Solvency
C.Profit
D. Deficiency
E. Surplus
522. The income through admission fee is treated as:
A. Revenue
B. Capital
C. Liability
D. Profit
E. All of the above
523. The Expenditure and Income account is prepared in:
A. Mid of the year
B. Start of the year
C. End of the year
D. None of the above
524. Legacy is normal treated as:
A. Loss
B. Revenue
C. Income
D. Surplus
E. Capital
525. In the beginning subscription outstanding is shown in which account?
A. Balance sheet
B. Profit and loss account
C.Trading account
D.Income and expenditure account
E. None of the above
526. Specific donation are always written in the?
A. Profit and loss account
B. Income and expenditure account
C. Balance sheet
D. Trading account
E. None of the above
527. A company is established by:
A. Directors
B. Government
C. Promoters
D. Owners
E. A and B
528. The Ordinary shares are also named as:
A. Founder Shares
B. Equity Shares
C. Preference Shares
D. Deferred Shares
E. None of the above
529. The Company which is maintained by the group of persons is called:
A. Group of members
B. Team of shareholders
C. Board of directors
D. A and B
E. All of the above
530. The power of the company managed by:
A. Memorandum of association
B. Prospectus
C. Shareholders
D. Articles of association