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Q. Provision for Income tax is shown in a bank’s Balance Sheet as ------

Q. Amount sacrificed by shareholders are credited to ….

Q. The difference between Gross dividend receivable and dividend received is debited to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐

Q. A company being a creation of law cannot die a natural death. It comes to an end by law through the process of liquidation

Q. Under ……policy the sum assured becomes payable on the attainment of a specific age or on death whichever is earlier

Q. Rebate on bills discounted is shown on the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ side of the balance sheet

Q. A bank can open a branch only at the permission of the…

Q. Which of the following is not a component of a Statement of Financial Position?

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

Q. If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt .............. accounting policies.