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Q. When forfeited shares (which were originally issued at a discount ) are reused at a premium, the amount of such premium will be credited to

Q. A Single entry system is usually adopted by:

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Q. The not for profit concerns prohibit the payment of any ………………………to their members Sol:

Q. Buy Back refers to______________

Q. Fixed payment made for the used of an assets is called Financial Lease Sol:

Q. The underlying accounting principle(s) necessitating amortization of intangible asset(s) is/are

Q. According to which concept, proprietor of a business is treated as a creditors to the extent of his capital

Q. A Company is created by :