Amount set aside to meet losses due to bad debts is called:

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Question:
Amount set aside to meet losses due to bad debts is called:

1. Reserve

2.Provision

3.Liability

4. None of these

Posted Date:-2022-10-26 16:08:05

More MCQS Questions and answers

  1. A company’s net sales are ₹ 15,00,000; cost of sales is ₹ 10,00,000 and indirect expenses are ₹ 3,00,000, the amount gross profit will be:
  2. A company’s shareholders fund was 7 8,00,000 in the year 2015. It because 7 12,00,000 in the year 2016. What is percentage of change ?
  3. Amount set aside to meet losses due to bad debts is called:
  4. An annual report is issued by company to its :
  5. Analysis of financial statements involve :
  6. Balance Sheet provides information about financial position of the enterprise :
  7. Break-even Analysis shows:
  8. Break-even point refers to that point where :
  9. Common-size financial statements are mostly prepared:
  10. Common-size Statement are also known as:
  11. Comparative financial analysis process shows the comparison between the items of which statement:
  12. Comparative Financial Statements show:
  13. Comparative Statements are also known as :
  14. Debentures are shown in the Balance Sheet under the head of:
  15. Divident is usually paid :
  16. Financial analysis is significant because it:
  17. Financial analysis is useful:
  18. For calculating trend percentages any year is selected as:
  19. Goodwill of a company is shown on the assets side of the Balance Sheet under the head.
  20. Horizontal Analysis is also known as :
  21. If total assets of a firm are 7 10,00,000 and its non-current assets are 7 6,00,000, what will be the percentage of current assets on total assets ?
  22. If total assets of a firm are 7 12,00,000 and its non of non-current assets to total assets ?
  23. In a common-size Balance Sheet, total equity and liabilities are assumed to be equal to :
  24. In which meeting of company directors report is presented ?
  25. Interpretation of Financial Statements includes:
  26. On the basis of process, which of the following is the type of financial analysis ?
  27. Out of the following which parties are interested in financial statements ?
  28. Payment of Income Tax is considered as :
  29. Profit & Loss Account is also called :
  30. Sales less Cost of goods sold is called :
  31. Securities Premium Account is shown on the liabilities side in the Balance Sheet Under heading
  32. Share capital is shown in Balance Sheet under. the head ?
  33. Tangible assets of company increased from T 4,00,000 to T 5,00,000. What is the percentage of change ?
  34. The analysis of financial statement by a shareholder is an example of:
  35. The financial statements of a business enterprise include:
  36. The form of Balance Sheet as per Companies Act, 2013 is:
  37. The most commonly used tools for financial analysis are:
  38. The prescribe from the Balance Sheet has given in the Schedule:
  39. Tools for comparison of financial statements are :
  40. Trend ratios and trend percentage are used in :
  41. Vertical Analysis is also known as :
  42. What is shown by Balance Sheet ?
  43. What is shown by the Income Statement ?
  44. Which of the following assets is not shown undeer the head ‘Fixed Asset’ in the Balance Sheet ?
  45. Which of the following is not a limitations of financial statement analysis ?
  46. Which of the following is the purpose or objective of financial analysis ?
  47. Which of the following shows the actual financial position of n enterprise ?
  48. Which of the following statement is correct ?
  49. Which of these are not the method of financial statement analysis ?
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