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Q. Calls in arrear is shown on the liability side of the balance sheet:‐

Q. A Banking company should transfer ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of its profits to a statutory reserve.

Q. Underwriting commission is classified as …………..

Q. When the proposed dividend exceeds 20% of paid up capital, percentage of profit transferred to general reserve is…..

Q. When presenting discontinued operations in the cash flow statement

Q. If a share of Rs.10 is issued at a premium of 20%, the issue price is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

Q. ……………is an instrument of acknowledgment of debt.

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

Q. Which of the following represents term deposit?

Q. While preparing the transferee company’s financial statement under amalgamation in the nature of merger, the assets and liabilities taken over from the transferor company should be incorporated at ----------