A. | 1 and 2 |
B. | 1,2 and 3 |
C. | 1,2,3 and 4 |
D. | 1,2,3,4 and 5 |
Option: D Explanation : Click on Discuss to view users comments. |
A. | Only 1 |
B. | 2 and 3 |
C. | 1 and 2 |
D. | 1,2 and 3 |
Option: A Explanation : Click on Discuss to view users comments. |
A. |
A company's balance sheet is prepared in the order of permanence whereas a partnership firm's balance sheet is usually, prepared in order of liquidity.
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B. |
For a company's balance sheet, there are two standard forms prescribed under the Companies Act, 1956 whereas, there is no standard form prescribed under the Indian Partnership Act. 1932 for a partnership firm's balance sheet.
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C. |
In case of a company's balance sheet, previous year's figures are required to be given, whereas, it is not so in the case of a partnership firm's balance sheet.
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D. | All of the above |
Option: D Explanation : Click on Discuss to view users comments. |
A. | Proposed Dividend |
B. | Provision for Taxation |
C. | Contribution to Provident Fund |
D. | Miscellaneous expenditure written off |
Option: A Explanation : Click on Discuss to view users comments. |
A. | 1,3 and 4 |
B. | 1,2 and 3 |
C. | 2 and 4 |
D. | 3 and 4 |
Option: D Explanation : Click on Discuss to view users comments. |