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Q. When the purchasing company bears the liquidation expenses, it will debit the expenses to

Q. The security premium account is shown in the balance sheet under the head……….

Q. Fictitious Assets shown on the Asset side of the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

Q. Fictitious assets are shown on the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐side of the balance sheet.

Q. Security premium account can be utilized for ………….

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

Q. If amalgamation is in the ..............., the General Reserve or Profit and Loss A/c balance will not be shown in the balance sheet.

Q. Any excess amount paid to preference share holders is debited to ------ --- account

Q. Rebate on bills discounted is a ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the Banking company.

Q. Under Ind AS 16 if an asset is idle