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Q. Which of these best explains fixed assets?

Q. The allotment of shares in case of oversubscription is called…..

Q. Director’s remuneration shall not exceed ………………. % of the net profits.

Q. When debentures are redeemed from out of profits an equal amount is transferred to ‐‐‐‐‐‐‐‐‐‐‐‐ account.

Q. In the case of ………………………. only one of the combining companies survives and the other losses its separate identity.

Q. Internal reconstruction is done due to ………..

Q. How should an asset be initially recognised in the financial statements?

Q. Unclaimed dividend is shown on the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the balance sheet

Q. Underwriting commission is classified as …………..

Q. The vendor company transfers preliminary expenses (at the time of absorption) to: