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Q. If amalgamation is in the ..............., the General Reserve or Profit and Loss A/c balance will not be shown in the balance sheet.

Q. Rebate on bills discounted is shown on the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ side of the balance sheet

Q. Hitesh Ltd.’s purchase consideration is Rs.12,345 and Net Assets Rs.3,568, then...........

Q. Share application account is in the nature of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ account.

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

Q. When charge is created against specific assets of the company, it is called ‐‐‐‐‐‐‐‐‐‐‐‐‐ charge.

Q. In case of .............., one existing company takes over the business of another company and no new company is formed

Q. Debentures are shown in the balance sheet under the head ………..

Q. Advance payment of tax should be shown on the ‐‐‐‐‐‐‐‐‐‐‐‐ side of the balance sheet.

Q. The ratios that shows the capacity of the business unit to meet its short term obligation out of its short term resources is known as ______