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Q. Change in accounting estimate is __________

Q. Depreciation arise because of………………………..

Q. LIC was nationalized in …………..

Q. The balance in capital reduction a/c after writing off all accumulated loss, fictitious assets and overvalued assets are transferred to -------------

Q. Those preference shares which do not carry the right of share in excess profits are known as ------- preference shares.

Q. When own debentures are cancelled any profit on cancellation is transferred to …

Q. Enterprise resource planning is an ……………………………..

Q. Indian accounting standards are the International financial reporting standards converged standards issued by the central government of India under the supervision and control of accounting standards board of ICAI and in consultation with __________.

Q. Rebate on bills discounted is also called --------

Q. Fictitious assets are shown on the asset side of the balance sheet of a company under the heading -----------