Corporate Accounting MCQ

Working capital ratio is also known as –

__________________ is defined as the process of identifying the financial strengths and weaknesses of a firm by adeptly establishing a relationship between the details of the Balance Sheet and the Profit & Loss Account of the enterpises:

No company can issue shares at a Discount except _________________ :

The financial statements shall give a true and fair view of the state of affairs of the company or companies, comply with the accounting standards notified under section ___________________ and shall be form as provided in Schedule III.

Section _____________ of the Companies Act, 2013 prescribes the form and contents of balance sheet, and profit and loss account of a company

It was in 1494 that ____________________, the Italian mathematician, first published his comprehensive treatise on the principles of Doubt Entry System.

Which of the following item is not recorded in the balance sheet but disclosed by way of notes: