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Q. The assets that can be easily converted into cash within a short period (i.e., 1 year or less is known as,

Q. Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.

Q. Loss Prior to incorporation is treated as ........... Loss, and Vendor’s Salaries are chargeable to ................ incorporation period.

Q. …….is a reserve created to meet any loss due to natural calamities.

Q. After realizing all the investments, the balance in the sinking fund account is transferred to …………

Q. A company formed and registered under ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐Act 1956.

Q. Which sections of an annual report do IFRSs apply to?

Q. Financial statement in relation to a company includes:

Q. If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt .............. accounting policies.

Q. Preliminiary expenses incurred on the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of a company.