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Q. The share capital account is debited with …………while forfeiting shares

Q. Interest on debentures is calculated on ______.

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

Q. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ in India is largely governed by the Banking Regulation act 1949.

Q. The dividend recommended by the Board of Directors is called………

Q. Capital reserve will appear on the liability side of the balance sheet under the head ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐.

Q. Debenture is document which creates a……

Q. When the proposed dividend is more than 20 %, an amount equal to ‐‐‐‐‐‐‐‐‐‐‐ of the current profits must be transferred to reserve.

Q. Loss on realisation is transferred to …………..

Q. When an existing company takes over the business of one or more existing companies, it is called….