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Q. International Public Sector Accounting Standards were issued by

Q. Any increase in the value of assets is…. to capital reduction

Q. When an item of property, plant and equipment is revalued, what should be revalued?

Q. The balance in Capital Reduction Account is transferred to …………

Q. All revenue, taxes due to government within ………..before the date of commencement of winding up is preferential.

Q. In the case of marine hull insurance, reserve for unexpired risk is to be maintained @....... %of net premium

Q. Assets are NPAs for a period exceeding 12 months are called ………….

Q. Which of the following statement is true:

Q. Unsecured debentures are otherwise known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ debentures.

Q. Profit on re‐issue of forfeited shares will appear on the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ side of the balance sheet.