A. a general meeting
B. first annual general meeting
C. statutory meeting
D. annual general meeting
A. With in one month of completion of capital subscription state of the company
B. With in one month of the promotion of the company
C. With in one month of the commencement of the business of the company
D. With in one month of incorporation of the company
The board of directors shall appoint first auditor of a company Read More »
Capital And Revenue Expenditure A. Expenses paid on installation of a plant.
B. Cost of dismantling a building in case a new building is to be constructed on the land
C. Legal expenses incurred to defend a suit related to title of patent.
D. The fees paid to engineer who constructed the plant.
Which of the following expenses should not be treated as capital expenditure? Read More »
Capital And Revenue Expenditure A. two
B. fifteen
C. five
D. ten
A. Capital redemption reserve
B. Security premium account
C. Debenture redemption reserve
D. Capital reserve
Which of the following is a revenue reserve? Read More »
Capital And Revenue Expenditure A. Undervaluation of closing stock
B. Charging capital expenditure to revenue
C. Goods sent on consignment being shown as actual sales
D. Charging higher rates of depreciation on fixed assets than actually required
Which of the following will not lead to creation of secret reserve? Read More »
Capital And Revenue Expenditure A. effluxion of time
B. use
C. obsolescence through technology be market changes
D. remarket expectation
Depreciation does not arise form _______ Read More »
Capital And Revenue Expenditure A. Cost of raising a loan
B. Cost of accessories of motor vehicles spent at the time of purchase
C. Expenses incurred for laying of sewers on land purchased
D. Insurance premium paid at the time of registration of the ship
Which of the following is not a revenue expense? Read More »
Capital And Revenue Expenditure