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Accountancy
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English I
Economics
English II
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Question-1
If any reserve is created for definite purpose, it is known as --------------
(A)
General reserve
(B)
Specific reserve
(C)
None of these
(D)
Both of these
Question-2
General reserve is also called as--------------
(A)
Specific reserve
(B)
Dividend equalization reserve
(C)
Free reserve
(D)
Reserve fore replacement of assets
Question-3
When the reserve is invented in out side securities, it is known as ----------
(A)
Capital reserve
(B)
Secret reserve
(C)
Reserve fund
(D)
Provision
Question-4
A----------- is meant for meeting an unanticipated situation
(A)
Reserve
(B)
Provision
(C)
Depreciation
(D)
None of these
Question-5
A----------- is created after ascertaining the profit
(A)
Reserve
(B)
Provision
(C)
Depreciation
(D)
None of these
Question-6
A----------- is created for some specific object
(A)
Provision
(B)
Reserve
(C)
Depreciation
(D)
None of these
Question-7
Provision is a charge against-----------
(A)
Profit
(B)
Asset
(C)
Liability
(D)
None of these
Question-8
-------------- means amount set aside out of profit
(A)
Depreciation
(B)
Reserves
(C)
Provision
(D)
None of these
Question-9
Spot out the odd one and state reason
(A)
Premium on issue of shares or debentures
(B)
Profit on sale of fixed assets
(C)
Profit on redemption of debentures
(D)
General reserve
Question-10
Find out the odd one and state reason
(A)
To provide funds for known liability in future
(B)
To calculate the correct net profit
(C)
To find out the true financial position
(D)
Fulfilling some specific purpose
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Practice in Related Chapters
Introduction Of Accounting
Concepts, Standards And Basis
Classification Of Accounts Under Double Entry System And Accounting Equation
Ledger
Trial Balance
Final Accounts Or (Financial Statements)
Journal
Sub-Division Of Journal : Cash Book
Sub-Division Of Journal : Specified purpose Subsidiary
Bank Reconciliation Statement
Rectification Of Errors
Capital And Revenue Expenditure/Income
Depreciation Accounting
Provisions And Reserves
Single Entry System : Accounts From Incomplete Records
Accounts of Non Trading Organization
Bills of Exchange
Introduction To The Use Of Computers In Accounting
Accounting concepts,standards and basis
Introduction to Accounting
Depreciation, Provision and Reserves
Trial Balance and Rectification of Errors
Depreciation, Provision and Reserves
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