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Financial State...

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  • Question 1
    1 / -0

    Where a special permission has been granted by the registrar the 'financial year' of a company may at the most be ________________.

  • Question 2
    1 / -0

    'Calls in arrears' is shown in the balance sheet on the liability side _____________.

  • Question 3
    1 / -0

    Unclaimed dividends is shown on the liability side of the balance sheet under the heading of ________________.

  • Question 4
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    When one existing company goes into liquidation and a new company is formed to take over its business, it is called an _____________.

  • Question 5
    1 / -0

    The income tax deducted from interest paid on debentures is shown on the _____________.

  • Question 6
    1 / -0

    Interim dividend is shown ______________.

  • Question 7
    1 / -0

    Debentures are shown in the balance sheet of a company under the item ______________.

  • Question 8
    1 / -0

    Figures in Rs. Lacs

    Calculate the amount of Purchase consideration, if Anju Ltd. agrees to take over only the floating assets and trade liabilities of Madhu Ltd. and to discharge the purchase consideration by issuing equity shares of Rs. 10 each at a premium of $$4.5\%$$.The market value of an equity share of Anju Ltd. at present is Rs. 100.
    The Balance Sheets of Anju Ltd. and Madhu Ltd. as at 31-3-2014 is given, on which date Madhu Ltd was taken over by Anju Ltd.

  • Question 9
    1 / -0

    $$6\%$$ debentures account Rs. 3,00,000 debenture interest Rs. 6,000. What amount should be shown in profit & loss account?

  • Question 10
    1 / -0

    Income tax paid in advance should be shown on the ________________.

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