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Q. Every banking company incorporated in India must transfer to the Reserve fund a sum equivalent to not less than 25% of profit of each year before declaration of dividend.

Q. Stock and Debtors method of branch accounting is generally used where branch turnover is substantially

Q. Under statement of affairs method which is also termed as .

Q. …………….is mentioned in the balance sheet as foot note.

Q. The banking regulation Act --.

Q. Current ratio indicates the solvency position of the business.

Q. The accounting standards Board (India) was formed by the Institute of Chartered Accountants of India in April---------------

Q. If stock is for 90----------15300 100 -------------?

Q. The important objective of Accounting standards is to the …………..diverse accounting policies and practices at present in use in India.

Q. Stock is considered as a liquid asset as anytime it can be converted into cash immediately.