Balance sheet as per Schedule III Part I of Companies Act 2013
1. Reserves & Surplus does not include
a) Capital Reserve
b) Capital Redemption Reserve
c) Reserve Capital
d) Revaluation Reserve
2. Which of the following does not constitute Current liabilities as the operating cycle of the company is 12 months
a) Trade payables expected to repay within 12 months
b) Trade payables expected to repay after 24 months
c) Trade payables expected to repay within 3 months
d) Trade payables expected to repay within 6 months
3. Short term provisions include
a) Provision for Tax & Proposed dividend
b) Proposed dividend Provision for Depreciation
c) Provision for Tax & Provision for Depreciation
d) Sundry creditors & Proposed dividend
4. Example for Intangible asset is
a) Furniture
b) Mastheads & Publishing titles
c) Investments in other companies
d) Public deposits
