A contract that evidences a residual interest in the assets of an undertaking after deducting all its liabilities is called

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 balance in capital reduction a/c after writing off all accumulated loss, fictitious assets and overvalued assets are transferred to -------------
• In net Assets method all liabilities are consider.
• In the case of joint stock companies , the assets and liabilities in B/S are arranged in the order of …
• While preparing the transferee company’s financial statement under amalgamation in the nature of merger, the assets and liabilities taken over from the transferor company should be incorporated at ----------
• While preparing the transferee company’s financial statement under amalgamation in the nature of purchase, the assets and liabilities taken over from the transferor company should be incorporated at --------
• Under Ind AS 103, assets and liabilities are recorded at
• A charge created not on specific assets but generally on all assets is known as………….
• Fixed assets and current assets are categorized as per concept of:
• Interest on non-performing assets should be recognized on -------- basis.