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Q. Which of the following does not represent application of fund of a company?

Q. When an asset is sold or disposed of, where is the gain or loss recognised?

Q. Profit on sale of sinking fund investment is credited to ….

Q. Realisation Account is a …………..

Q. The amount given to the policyholder due to his inability of paying further premium is called …………..

Q. Profit earned after acquisition of share is treated as

Q. When an existing company takes over the business of one or more existing companies, it is called….

Q. ……….is the first stage in the formation of a public company

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

Q. When 500 shares of Rs. 10 each on which Rs.3 on final call is not paid, share forfeited account is credited with ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐