Question
1.   Given the following, what is the amount of
Capital? Assets: Premises 20,000; Inventory 8,500; Cash 100. Liabilities: Trade Payables 3,000; Loan from A Adams 4,000.Solution
Capital = Assets - Liabilities = (Premises + Inventory + Cash) - (Trade payable + Loans) = (20000+8500+100) - (3000+ 4000) = 21,600
_______ refers to the information collected by an auditor to ascertain the accuracy and compliance of a company's financial statements.
Life Insurance Contact is a contact of:
The due date for depositing the TDS deducted in the month of March is:
As per Schedule III of Companies Act, which of the following is not shown under ‘Other Current Liabilities’?
Which of the following directors is NOT appointed by the Board of Directors?
Salary or wages under bonus act includes:
According to SA 315, which of the following is part of understanding the entity and its environment?
Which of the following is NOT a responsibility of the Audit Committee?
When profits as per cost accounts differ from financial accounts, the difference may be due to:
Annual Return is to be filed by every company within ________ days of its Annual general meeting.
