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AP Intermediate 2nd Year Financial Accounting & Debentures — practice questions — page 2

Explore 85 free Financial Accounting & Debentures questions in AP Intermediate 2nd Year Accountancy. Open each question or exercise to read its content, reference answers and available explanation.

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Financial Accounting & Debentures questions and exercises with answers

Showing questions 31–60 of 85.

Share capital numbersRead the answer and worked solution →Asked for or received?Read the answer and worked solution →Complete the capital ruleRead the answer and worked solution →Name that capitalRead the answer and worked solution →Share capital bingoRead the answer and worked solution →Asset or liability?Read the answer and worked solution →Sort the balance sheet headsRead the answer and worked solution →Match the statement termRead the answer and worked solution →True or false about financial statementsRead the answer and worked solution →Complete the statement listRead the answer and worked solution →Where does it go?Read the answer and worked solution →Spot the odd one outRead the answer and worked solution →Financial statements bingoRead the answer and worked solution →Complete the statement listRead the answer and worked solution →Complete the capital ruleRead the answer and worked solution →True or false about financial statementsRead the answer and worked solution →Spot the odd one outRead the answer and worked solution →Reserves and surplus of a company are shown under the head:Read the answer and worked solution →A key limitation of financial statements is that they are generally based on:Read the answer and worked solution →In a company's Balance Sheet, the total of the 'Equity and Liabilities' side must equal the total of the:Read the answer and worked solution →Assets that are expected to be converted into cash within twelve months are classified as:Read the answer and worked solution →The Balance Sheet of a company shows its financial:Read the answer and worked solution →Inventories and trade receivables of a company are examples of:Read the answer and worked solution →Trade payables (creditors) of a company are an example of:Read the answer and worked solution →As per Schedule III of the Companies Act, the Balance Sheet is prepared in the:Read the answer and worked solution →Sort the balance sheet headsRead the answer and worked solution →Match the kind of capitalRead the answer and worked solution →Asset or liability?Read the answer and worked solution →Shares that carry a preferential right to dividend at a fixed rate are called:Read the answer and worked solution →Shares that get dividend only after preference shareholders and carry voting rights are:Read the answer and worked solution →

Worked practice questions

Share capital numbers

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Questions
  1. Answer
    10
    Question
    Face value in rupees of the share in the example
  2. Answer
    7
    Question
    Amount in rupees called up on that share
  3. Answer
    3
    Question
    Rupees per share still to be called
Instructions
Type the number only.
_Source: syllabus Accountancy, Ch 1 'Accounting for Share Capital'_

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Asked for or received?

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Left
Asked for
Items
  1. Item
    Called up capital
    Answer
    Asked for
  2. Item
    Call made
    Answer
    Asked for
  3. Item
    Demanded amount
    Answer
    Asked for
  4. Item
    Paid up capital
    Answer
    Received
  5. Item
    Money in hand
    Answer
    Received
  6. Item
    Amount collected
    Answer
    Received
Right
Received
Instructions
Swipe left for amounts asked for, right for amounts received.
_Source: syllabus Accountancy, Ch 1 'Accounting for Share Capital'_

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Complete the capital rule

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Missing parts
  1. Answer
    asked for
    Choices
    1. asked for
    2. spent
    3. lent
  2. Answer
    received
    Choices
    1. received
    2. refunded
    3. forfeited
Complete the statement
Called up capital is what the company has {0}, and paid up capital is what it has {1}.
Instructions
Drag a word into each gap to finish the sentence.
_Source: syllabus Accountancy, Ch 1 'Accounting for Share Capital'_

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More Accountancy topics

Analysis of Financial StatementsCash Flow StatementPartnership AccountsFinancial Statements of a CompanyAccounting for Share CapitalAccounting for Partnership Firms: Retirement and Death of a PartnerAccounting for Partnership Firms: Goodwill