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Q. Which of the below mentioned formula are covered by Ind AS 2? (i) FIFO, (ii) LIFO, (iii) Weighted Average.

Q. The consideration in insurance for covering the risk is called ………….

Q. The maximum extent to which a company can raise share‐capital is called ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ capital.

Q. The short term advances made by a bank to the stock brokers and bill brokers are called ---------

Q. When the proposed dividend is more than 20 %, an amount equal to ‐‐‐‐‐‐‐‐‐‐‐ of the current profits must be transferred to reserve.

Q. A liability which can be measured only by using a substantial degree of estimation is called……………………….

Q. In internal reconstruction, increase in the value of fixed assets is credited to……….

Q. The cost of replacing an asset in its original condition is known as……

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

Q. In company Final Accounts Goodwill is shown under……………