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Q. In case of ……………..preference shares, the arrears of dividend are carried forward and paid out of the profits of the subsequent years.

Q. Reserve for unexpired risk is shown under

Q. For the same purchase price profit on cancellation of debentures is more when purchase on ‐‐‐‐‐‐‐‐‐‐‐ ‐‐ basis.

Q. In the case of joint stock companies , the assets and liabilities in B/S are arranged in the order of …

Q. Profit and Loss Account of General Insurance Companies are prepared in … ………

Q. Accounting for amalgamation is given in….

Q. In purchase method, the excess of net asset of the transferor company acquired by the transferee company over the purchase consideration should be recognized as ------------

Q. The pre- acquisition loss of subsidiary should be deducted from …….. while calculating net assets

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

Q. Salaries due to director, manager, secretary etc. are preferential.