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Q. At the time of …………………, inter company debts and acceptances are to be cancelled out.

Q. Fair value of a share in the simple average of intrinsic value and ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ value of a share

Q. Requirements given in part I of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ apply to Balance sheet

Q. A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ Company puts restriction on the transfer of its shares.

Q. The maximum extent to which a company can raise share‐capital is called ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ capital.

Q. In …..., a new company is formed to take over the business of an existing company which goes into liquidation.

Q. Profit available for dividend distribution is called ………….

Q. ------ implies issue and allotment of shares to a selected group of persons and not to general public.

Q. When shares are oversubscribed, allotment is made on ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ basis

Q. The system of recording based on dual aspect concept is called: