(C) Under section 210 of the companies act, the auditors have to lay before every annual general

meeting the balance sheet, the profit and loss account and the cash flow statement (d) Under sec. 210 of the companies act, the shareholder has to lay before every annual general meeting the balance sheet, the profit and loss ac and the director report 2. Which of the following statement is false?
(a) A financial year may be for a period less or more a calendar year (b) A financial year cannot normally exceeds 15 month (c) A financial year may extend up to 18 months if specially permitted by the register (d) A financial year cannot exceed 18 months unless specially permitted by the register where it may extend up to 21 months

3. Which of the following statement is true? (a) Every balance sheet of the company must comply with the requirement of part II of scheduled VI of the companies act, 1956 as far as possible (b) Every balance sheet of the company must be prepared in the horizontal format only (c) Every balance sheet of the company must comply with the requirement of part I of scheduled VI of the companies act, 1956 as far as possible (d) Every balance sheet of the company must be prepared in the vertical format only

4. Which of the following statement is true?

(a) Every profit and loss ac must comply with the requirement of part I of scheduled VI of the companies act, 1956 as far as possible (b) Every profit and loss ac must comply with the requirements of part II of scheduled VI of companies act, 1956 as far as possible (c) Scheduled VI of the companies act, 1956 lays down the format in which the profit and loss ac must be prepared (d) Every profit and loss ac of the company must give a true and fair view of the state of affairs of the companies as at the end of the financial year

(5). Stores and spares consumed

(a) Must be shown as a separate item on the Dr. if the profit and loss ac of a company (b) Can be clubbed with other expense as shown in the misc. expense it is less than 20% of the total material

(c) Can be clubbed with other expenses and shown in misc. expense it is less than 5000 Rs (d) Can be clubbed with other expenses as shown in misc. it is less than 1% of the total revenue 6. Repairs to building (a) Can be clubbed with the repairs to machinery and shown under repairs ac on the Dr. of the profit and loss ac of the company (b) Must be shown as the separate item on the Dr. of the profit and loss ac of a company (c) Can be clubbed with the other expenses and shown under misc expenses if it is a less than Rs. 5000 (d) Can be clubbed with the other expenses and shown under the misc expenses if it is less than 1% of the total revenue 7. Commission to sole selling agents (a) Can be clubbed with the commission to other selling agents and shown under commission to selling agents ac of the DR. of profit and loss ac of a company. (b) Must be shown as a separate item on the Dr. of the profit and loss ac of a company. (c) Can be clubbed with the other expenses and show under the misc expense if it is less than Rs. 5000 (d) Can be clubbed with the other expenses and show under the misc expenses if it is approved by the shareholders 8. Remuneration to managing director. (a) Can be clubbed with the salaries and wages and shown on the Dr. of the profit and loss ac of a company. (b) Must be shown as a separate item on the Dr. of the profit and loss ac of a company. (c) Can be clubbed with the other expenses and shown under misc expenses if it is less than Rs. 5000.