Page 46 - IC46 addendum
P. 46
General Insurance Accounts (IC-46)
Model Questions Bank
1. Which section of the Companies Act 2013
provides that no dividend shall be
declared by a company for any financial
year, except out of profits of the company
arrived after providing for depreciation in
accordance with the provisions of the act:
a. Section 123 b. Section 124
c. Section 125 d. Section 126
e. Section 127
2. Depreciation shall be provided in
accordance with the provisions of
_________ of the Companies Act 2013:
a. Schedule I b. Schedule II
c. Schedule III d. Schedule IV
e. Schedule V
3. Method of providing depreciation and
accounting treatment has been changed
by the Companies Act:
a. 2010 b. 2011
c. 2012 d. 2013
e. 2014
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