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Q. The choice of customized accounting packages is made on the basis of the………….

Q. When two or more companies carrying on similar business decide to combine, a new company is formed, it is known as ..................

Q. Fixed assets and current assets are categorized as per concept of:

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

Q. …………..debentures can be transferred only with the knowledge of the company.

Q. Requirements given in part II of ‐‐‐‐‐‐‐‐‐‐‐‐‐apply to statement of profit or loss

Q. The assets that can be easily converted into cash within a short period (i.e., 1 year or less is known as,

Q. When 500 shares of Rs. 10 each on which Rs.3 on final call is not paid, share forfeited account is credited with ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

Q. Accounting principles are generally based upon:

Q. According to SEBI guidelines, a Company will have to create debenture redemption reserve equivalent to the amount of the following percentage of debenture issued: