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Q. When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to

Q. The difference between gross dividend receivable and dividend received is debited to - --------

Q. In absorption there is one ……………………and no formation.

Q. A Banking company should transfer ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of its profits to a statutory reserve.

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. A term loan will be treated as NPA if interest or instalment and principal remain overdue for a period more than ……. Days

Q. Debenture holders are ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of a company.

Q. A Banking company required to prepare its balance sheet according to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ in the schedule III to the banking

Q. ……..is a charge against profit of the company

Q. The first item in order of payment to be made by liquidator is: