(iii) Vehicles
(iv) Land
(c) If assets are over valued what are the consequences?
Level Five
(a) The depreciation and provision for doubtful items increase/reduce the value of the
assets.
(b) Marketable securities are shown on the . In balance sheets they should be
indicated as ____
Level Six:
(a) Fixed assets are valued at __ less __
(b) Goods will be a asset arising from the __
Level Seven:
(a) _____ liabilities shall be met within one year.
(b) Long-term liabilities are knows as ____ liabilities
(c) Debenture is a ____ term loan
Level Eight:
(a) What is the difference between the ‘Capital Authorised’ and the ‘Capital Subscribed’
(b) Who are the owners of the company?
(c) Share holders will be paid interest (Correct/incorrect)
(d) What will be paid to the share holders?
(e) Portion of the profit retained by the Company called as __
(f) What is the difference between the revenue reserve and capital reserve
(g) For what purpose can a company retain a portion of profits in the form of revenue
reserve?
(h) Why is dividend to share holders not be paid from Capital Reserve?
(i) Does shareholders funds have to be returned? If so, when?
(j) Profit out of sale of fixed assets is reserve.
(k) What is the difference between the ordinary shares and the preference shares?
(l) What compensation will shareholders get at the time of winding up a company?
(m) Increased value from the revaluation of fixed assets is called ____ reserve.
Level Nine:
(a) What are outside and inside liabilities?
(b) When enterprise can be called as solvent?
(c) If assets are greater than outside liabilities; what does it reflect?
(d) How do you measure liquidity?