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Q. The excess price received on the par value of shares should be credited to ………….

Q. GAAP stands for

Q. Bonus in reduction of premium appears in the revenue a/c as ----------

Q. After the implementation of scheme of internal reconstruction, any amount left in the capital reduction A/C will be transfer to:

Q. Pre-acquisition profit in subsidiary company is considered as:

Q. Forfeiture of shares results in compulsory termination of ------ due to non payment of allotment/call money.

Q. The principle of subrogation is applicable to……………

Q. The ratio that shows the relationship between fixed asset to shareholders fund

Q. Which of the following cannot be used for the purpose of creation of capital redemption reserve account?

Q. In case of inter-company holdings, the purchasing company, at the time of payment of the purchase consideration, surrenders the shares in the vendor company by crediting: