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

Q. ------ represents that part of discount received during the year by a bank which relates to the next accounting year.

Q. Amalgamation is done for ………….

Q. Financial accounting is concerned with –

Q. Dividend is paid on …..capital

Q. Unclaimed dividend is shown on the liability side of the balance sheet of a company as -- -------

Q. At present, a company limited by shares cannot issue …..preference shares

Q. If rate of proposed dividend is less than 10% of paid up capital, the rate of profit transferred to Reserve shall be………..

Q. The share capital, to the extent already held by the purchasing company, is closed by the vendor company by crediting it to:

Q. Fictitious assets are shown on the asset side of the balance sheet of a company under the heading -----------