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Q. If the actual profits are more than the expected normal profits, the difference is termed as ‐‐‐‐‐‐‐

Q. Pooling of interest method is used in the case of ……………..

Q. When debentures are redeemed from out of profits an equal amount is transferred to ‐‐‐‐‐‐‐‐‐‐‐‐ account.

Q. When two or more companies carrying on similar business decide to combine, a new company is formed, it is known as ..................

Q. Converting share of smaller denomination into larger denominations is called:

Q. What is the net amount an entity expects to obtain for an asset at the end of its useful life?

Q. When an asset is sold or disposed of, where is the gain or loss recognised?

Q. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ in case of a joint stock company is shown on the Asset side under heading of intangible assets

Q. When 500 shares of Rs. 10 each on which Rs.3 on final call is not paid, share forfeited account is credited with ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

Q. In net Assets method all liabilities are consider.