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Q. If the actual profits are more than the expected normal profits, the difference is termed as ‐‐‐‐‐‐‐

Q. When debentures are redeemed out of profits, an amount equal is transferred to…..

Q. Rebate on bills discounted is also called --------

Q. Bonus issue is permitted only if all partly paid shares are made‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

Q. Income statement ratios are also called

Q. Which of these best explains fixed assets?

Q. The cost of replacing an asset in its original condition is known as……

Q. What is the amount an asset could achieve if sold between knowledgeable, willing parties in an arm’s length transaction?

Q. Public limited companies cannot issue ….