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Q. Which of the following is an example for divisible profit?

Q. Trade Payables are recorded in………………….

Q. Which of the following reserve does not appear in the balance sheet of a company?

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

Q. X Ltd takes over Y Ltd and agrees to discharge debenture holders of Y Ltd at a premium of 5%. The premium should be debited to ………

Q. The minimum application money to be paid by an applicant must not be less than …….as per Companies Act.

Q. As per ………..it is the statutory obligation of companies to prepare their final accounts.

Q. Requirements given in part I of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ apply to Balance sheet

Q. In case of ……………..preference shares, the arrears of dividend are carried forward and paid out of the profits of the subsequent years.

Q. Salaries due to director, manager, secretary etc. are preferential.