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Q. If a company makes a default in delivering the to the registrar or n holding the statutory meeting, then company is compulsorily wound up by the court.

Q. ------ is a liability which may or may not arise in future depending on happening of some uncertain future event.

Q. The shares of a company only can be forfeited after giving a ………days notice

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

Q. Share application account is in the nature of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ account.

Q. Net asset value is also called as ___________.

Q. The Amalgamation Adjustment Account appears in the books, it is shown under the heading of ......... in the balance sheet.

Q. In …………., the insurer agrees to pay a certain sum of money to the policyholder either on his death or a certain age, which ever is less.

Q. NPA stands for………….

Q. Acceptances, endorsements and obligations on behalf of a customer will be shown as ----- in the balance sheet of a company.