Assets acquired by a bank in satisfaction of a claim are known as…

Related MCQs

• Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.
• The excess of purchase consideration over net assets of the transferor company acquired by the transferee company should be recognized as -------- in purchase method
• A charge created not on specific assets but generally on all assets is known as………….
• The balance in capital reduction a/c after writing off all accumulated loss, fictitious assets and overvalued assets are transferred to -------------
• Fixed assets and current assets are categorized as per concept of:
• 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 ------------
• Assets which do not carry more than normal credit risk is known as….
• The long term assets that have no physical existence but, possess a value is known as,
• The assets that can be easily converted into cash within a short period (i.e., 1 year or less is known as,
• The share of outsiders in the Net Assets in subsidiary company is known as under :