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Forwarded from Mohit Agarwal - Divya Agarwal MEPL Students Community
Get Ready to Revise ➡️ ECONOMICS - COST & REVENUE ⚖️
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FOUNDATION LEVEL QUIZ 🏆
A warranty is a stipulation
A warranty is a stipulation
Anonymous Quiz
25%
Essential to the main purpose of the contract
63%
Collateral to the main purpose of the contract
5%
Very important to the seller
7%
Very important to the buyer
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INTERMEDIATE LEVEL QUIZ 🏆
A reserve account that shall not be used by the company for any purpose other than repayment of deposits is called
A reserve account that shall not be used by the company for any purpose other than repayment of deposits is called
Anonymous Quiz
26%
Debenture Redemption Reserve Account
44%
Deposit Repayment Reserve Account
22%
Capital Redemption Reserve Account
7%
Free Reserve Account
👍1
FINAL LEVEL QUIZ 🏆
Maximum remuneration to all managerial personnel is
Maximum remuneration to all managerial personnel is
Anonymous Quiz
18%
5%
11%
8%
62%
11%
9%
15%
👍2
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FOUNDATION LEVEL QUIZ 🏆
Legally, a contract of sale includes
Legally, a contract of sale includes
Anonymous Quiz
5%
Sale
19%
Agreement to sell
3%
Barter
72%
Both (a) and (b)
👍2
INTERMEDIATE LEVEL QUIZ 🏆
The financial statement in relation to a dormant company may not include
The financial statement in relation to a dormant company may not include
Anonymous Quiz
7%
Balance Sheet
58%
Cash Flow Statement
27%
Applicable Explanatory Note
8%
Profit and Loss Account
👍2
FINAL LEVEL QUIZ 🏆
Under IBC, the RP has to manage the company as :
Under IBC, the RP has to manage the company as :
Anonymous Quiz
9%
Losing Concern
70%
Going Concern
16%
Selling Concern
6%
Profitable Concern
👍2
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