Which of the following shall not be deducted from net profit while calculating managerial remuneration?

Related Mcqs:

Identify the correct sequence of accounting process

A. Communicating→Recording→Identifying B. Recording→Communicating→Identifying C. Identifying→communicating→recording D. Identifying→recording→communicating...

Which of the following is true regarding closing entries?

A. They must be followed by reversing entries B. They transfer the balances in all of the Nominal Accounts to the Trading and Profit and Loss Account C. They must be made after the reversing entries but before the adjusting entries D. They must be made after the adjusting entries but before the reversing entries...

Expenses of the following nature are treated as a Revenue expenses except__________?

A. Expenses for day to day running of the business B. Putting the new asset in working condition C. Depreciation D. Purchase of raw material...

If actual bad debts are more than the provision for bad debts, then there will be a_____________?

A. Credit balance of Provision for Bad Debts Account B. Debit balance of Provision for Bad Debts Account C. Debit balance of Bad Debts Account D. Debit balance of Discount on Debtors Account...

Depreciation Account appearing in the Trial Balance is shown in:

A. Profit and Loss A/c B. Trading A/c C. Deducted from the concerned assets A/c D. Shown on the liability side...