Download App

Analysis of Financial Statements — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyAnalysis of Financial Statements1 Mark
Question
__________ are long term prepaid expenses which benefits several years in future.
  1. Deferred charges
  2. Prepaid expenses
  3. Miscellaneous expenses to be written off
  4. Current expenses
✓

Answer

  1. Deferred charges
Explanation:

Deferred expenses, also called prepaid expenses or accrued expenses, refer to expenses that have been paid but not yet incurred by the business. Common prepaid expenses may include monthly rent or insurance payments that have been paid in advance.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "M.C.Q (1 Marks)" from Analysis of Financial Statements→Analysis of Financial Statements — all question types→Accountancy STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

Risk in capital budgeting implies that the decision-maker knows _______ of the cash flows.
  1. Variability
  2. Probability
  3. Certainty
  4. None of the Above
→
Dividend received by other than financial enterprise is shown in Cash Flow Statement under:
  1. Operating activities.
  2. Investing activities.
  3. Financing activities.
→
Discount on issue of Debentures is in the nature of:
  1. Revenue Loss
  2. Capital Loss
  3. Deferred Revenue Expenditure
  4. None of there
→
Under the new Company Act, 2013, paid up share capital of a 'Small Company ' does not exceed _______________.
  1. Rs. 100 lakh
  2. Rs. 50 Lakh
  3. Rs. 5 Crore
  4. Rs. 10 Crore
→
The _____________ ratios provide the information critical to the long-run operation of the firm.
  1. Liquidity.
  2. Activity.
  3. Solvency.
  4. Profitability.
→
A high stock turnover ratio is the ratio does not mean that the company is _________________.
  1. Buying in small lots
  2. Efficient and sells quickly
  3. Buying in big lots and sells slowly
  4. None of the above
→
D Ltd. forfeited 200 shares of Rs.10 each, Rs.7 called up on which Ram had paid only application money Rs.3 per share. Of these, 125 shares was reissued to Shyam for Rs.9 per share fully paid. What will be balance in the Share Forfeited A/c after reissue of 125 shares?
  1. Rs.225
  2. Rs.600
  3. Rs.525
  4. Rs.450
→
If total assets of a firm are 7 12,00,000 and its non of non-current assets to total assets?
  1. 50%
  2. 75%
  3. 25%
  4. 80%
→
When debentures are issued at par and are redeemable at a premium, the loss on such an issue debited to:
  1. Profit & Loss Account.
  2. Debentures Applications & Allotment Account.
  3. Loss on issue of debentures account.
→
Withdrawal from DRR is permissible only after ____% of the debenture liability has been redeemed.
  1. 30
  2. 40
  3. 10
  4. 25
→