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Q. ….. lease is a lease that transfers substantially all the risks and rewards incidental o ownership of assets

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

Q. The Insurance Act came in to effect in …..

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

Q. In case of electricity companies, contingency reserve is created until it amounts to ….. of the original cost of the fixed assets.

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

Q. GAAP stands for

Q. Every bank is required to maintain ----- with RBI in the form of cash, gold and securities an amount not less than 25% of their demand and time liabilities.

Q. Shares are to be valued on ___________.

Q. Amalgamation adjustment account is opened in the books of Transferee Company to incorporate …………..