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Q. Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.

Q. Which of the following is not a case of combination?

Q. Discount or loss on issue of debenture is a ………….

Q. Balance of forfeited share is …….

Q. Internal reconstruction can be done by ----------

Q. Which of the following is considered while calculating purchase consideration under Net asset method?

Q. ------- profit means profit which would otherwise be available for distribution of dividend.

Q. Share application account is a….

Q. Company which is amalgamated into another company is called ……………..

Q. When purchasing company pays purchase consideration, it will be debited to