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Q. The P&L A/c of Banking Companies are prepared as per …………. of Banking Regulation Act.

Q. The rate of interest on Calls in arrears as per Companies Act is …………

Q. When all debentures are redeemed, balance in the Debenture Redemption Fund Account is transferred to:

Q. Banking companies are governed in India by ……….

Q. The company earns a net profit of 24,000 with a capital of1,20,000. The NRR is 10%. Under capitalisation of super profit, goodwill will be ___________.

Q. No dividend is payable on calls in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

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 ----------

Q. After all the debentures are redeemed; the balance in the sinking fund account is transferred to ‐‐‐‐‐‐ ‐‐‐‐‐‐‐.

Q. In a sound business, acid test ratio ________ is considered satisfactory

Q. Unsecured debentures are otherwise known as……. Debentures