…….of profit is transferred to statutory reserves.

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 profit on reissue of shares is transferred to ….
• When own debentures are cancelled any profit on cancellation is transferred to …
• When the proposed dividend exceeds 20% of paid up capital, percentage of profit transferred to general reserve is…..
• The profit on reissue of forfeited shares is transferred to ………
• In case of redemption out f profit, an amount equal to face value of shares so redeemed should be transferred to …………
• When own debentures are cancelled, any profit on cancellation is transferred to ……..
• If rate of proposed dividend is less than 10% of paid up capital, the rate of profit transferred to Reserve shall be………..
• When own debentures are cancelled, any profit on cancellation is transferred to
• Profit on the re‐issue of forfeited shares is transferred to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ account.