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Q. The commission earned by insurance companies from others for giving them business under reinsurance is called …………………

Q. Companies have a statutory obligation to prepare final accounts required by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the companies Act 1956.

Q. GAAP stands for

Q. Interest on non-performing assets should be recognized on -------- basis.

Q. When the directors refund the fees already received by them,……. a/c is credited.

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

Q. A liability which can be measured only by using a substantial degree of estimation is called……………………….

Q. When own debentures are cancelled any profit on cancellation is transferred to …

Q. Rebate on bills discounted is shown on the liability side of the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

Q. Intrinsic value of share is calculated by dividing the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the company by the number of shares