Accounting Objective Questions and Answers

1401. Preference shareholders are entitled to a fixed rate of . . . . . . . .

1402. Capital is considered as a business liability according to following concept of

1403. "Make sufficient provisions for future losses, but do not anticipate future profits." The statement is in accordance to the concept of

1404. Liquidation expenses paid by the transferee company is debited to . . . . . . . .

1405. Capital increases if ______ increases

1406. Rebate on bills discounted is shown in the Balance Sheet as . . . . . . . .

1407. Match the items of the following two lists and indicate the correct answer:

Accounting MCQs