In case of electricity companies, contingency reserve is created until it amounts to ….. of the original cost of the fixed assets.

Related MCQs

• Revenue reserve means any reserve other than ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ reserve.
• 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 ___________.
• 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:
• In the case of joint stock companies , the assets and liabilities in B/S are arranged in the order of …
• Net Assets minus Capital Reserve is………………………
• Net Assets minus Capital Reserve is _________
• The Capital Redemption reserve is created for the following reasons:
• Capital redemption reserve is created out of
• …….is a reserve created to meet any loss due to natural calamities.