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Q. Accounting standards and Standards on Auditing establish standards which have to be complied with to ensure that financial statements are prepared in accordance with ______.

Q. …………..shares are repayable after the expiry of the fixed period or at the option of the company.

Q. Transfer to capital redemption reserve can be made from ____.

Q. Which Exchange rate will be considered for conversion of share capital of subsidiary company.

Q. Debentures issued with a fixed or a floating charge on the assets of the company are called ‐‐‐‐‐‐‐‐‐‐‐ debentures

Q. ……………is the party who undertakes the risk in insurance.

Q. Loss Prior to incorporation is treated as ........... Loss, and Vendor’s Salaries are chargeable to ................ incorporation period.

Q. Dividend declared between two annual general meeting is known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

Q. Creditors voluntary winding up applies to ………………. Companies

Q. When shares originally issued at discount are forfeited, the discount in respect of them is to be ‐‐‐‐‐‐‐