Objective :
1. Capital work in progress is shown in the balance sheet under _____
a) Share capital2. Which of the following statements is correct?
a) Goodwill is a fictitious asset3. ________ is allowed by the consignor to the consignee to put hard work while introducing a new product in the market.
a) Commission on total salesstrong>4. The company decided to redeem 5000 redeemable preference shares of Rs.100 each. The company issued 2000 equity shares of Rs.100 each. The amount to be transferred to CRR is _____.
a) Rs.2,00,0005. Which account should be credited in case of shares issued at premium?
a) Share capital account