Download App

Financial Statements - 1 — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountFinancial Statements - 11 Mark
MCQ
Divisible profits excludes $......$
  • ✓
    Security premium A/c
  • B
    General Reserve A/c
  • C
    Contingency fund A/c
  • D
    Profit and loss A/c
✓

Answer

Correct option: A.
Security premium A/c

Divisible profit is that part of profit which is available with the company for distribution of reserves. Securities premium reserves made out of capital profit hence, are not divisible profit.

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 Financial Statements - 1→Financial Statements - 1 — all question types→Account STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

If there is a prize fund and prizes are awarded, expenses and income are transferred to $......$.
→
Which of the following statements is correct:
→
The capital of a sole trader would change as a result of $......$
→
General Manager gets $10\%$ commission on net profit after charging such commission. Gross Profit $₹ 70,000$ and general expenses other than manager's commission are $₹ 12,000$. Commission amount will be:
→
In statement of profit and loss interest on capital is shown as $.........$
→
While making an adjustment entry in respect of interest on capital, credit is made to $......$
→
Expenditure which increase the earning capacity of fixed asset is a:
→
The excess of assets over liabilities is:
→
When interest on capital is allowed $......$ is credited.
→
Tick the false statement:
→