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Q. While preparing the transferee company’s financial statement under amalgamation in the nature of purchase, the assets and liabilities taken over from the transferor company should be incorporated at --------

Q. Uncliamed dividend is shown on the liability side of the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ under the heading current liabilities.

Q. When the proposed dividend exceeds 20% of paid up capital, percentage of profit transferred to general reserve is…..

Q. Own debenture account will appear on the …… side of B/S

Q. ………..should be deducted from the share capital to determine the paid up capital.

Q. -------- debentures are secured by a charge on the assets of the company.

Q. Requirements given in part II of the schedule VI apply to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

Q. General insurance policies are generally taken for

Q. The first item in order of payment to be made by liquidator is:

Q. Profit on the re‐issue of forfeited shares is transferred to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ account.