ഗാന്ധി

Revenue received from the sale of goods Is treated as an earnings during the period in which ( A ) the sale is made ( B ) the products are manufactured ( C ) the cash is collected ( D ) the planning takes place 002 , Which Accounting Standard deals with revenue recognition ? ( A ) IAS 12 | ( B ) IAS 18 ( C ) IAS 28 - ( D ) IAS 17 003 . Which Accounting Convention states that accounting practices should remain unchanged from time to time ? ( A ) Full disclosure ( B ) Conservatism ( C ) Materiality | ( D ) Consistency 004 . Repairs incurred before using a second - hand van purchased recently is a ( A ) Capital Expenditure ( B ) Revenue Expenditure ( C ) Deferred Revenue Expenditure ( D ) None of these 005 . State the minimum percentage of profit that has to be transferred to General Reserve | by a Joint Stock Company if the dividend declared is 18 % - ( A ) 0 % | ( B ) 10 % ( C ) 7 . 5 % ( D ) 5 % 006 . Income Tax paid by a sole Proprietor on his business Income should be ( A ) Debited to profit and Loss Account ( B ) Debited to Trading Account ( C ) Credited to profit and Loss Account ( D ) Deducted from Capital Account in the Balance Sheet - 007 . The cancellation of shares at the initiative of the shareholder is termed as ( A ) Forfeiture - ( B ) Underwriting ( C ) Surrender ( D ) None of the accounts 008 . The profit on depreciation policy is transferred to - ( A ) Depreciation Reserve Account ( B ) Profit and Loss Account ( C ) Asset Account - ( D ) Balance Sheet 49 / 2019 - A