The new Electricity Act was passed in the year…

Related MCQs

• In case of electricity companies, contingency reserve is created until it amounts to ….. of the original cost of the fixed assets.
• Surplus of electricity company is limited to
• Increase in share capital of a firm in the current year as compared to previous year should be recorded in the final cash flow statement under
• ------ represents that part of discount received during the year by a bank which relates to the next accounting year.
• When Redeemable Preference shares are due for redemption, the entry passed is
• After convergence of Indian accounting standards with IFRS, new standard issued for preparing the cash flow statement is:
• In ……………, a new company is formed to take over the business of two or more existing companies which go into liquidation
• In …..., a new company is formed to take over the business of an existing company which goes into liquidation.
• In………., an existing company’s financial structure is reorganized without liquidating the existing company and forming a new company.
• A new company cannot issue shares at‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐.