….. lease is a lease that transfers substantially all the risks and rewards incidental o ownership of assets

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 -------------
• 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:
• …………..is an agreement between two insurance companies whereby one transfers a part of risk to other.
• ……….is an agreement between two insurance companies whereby one transfers a part of risk to other.
• The vendor company transfers preliminary expenses (at the time of absorption) to:
• A contract that evidences a residual interest in the assets of an undertaking after deducting all its liabilities is called
• In net Assets method all liabilities are consider.
• What is the term used to describe the time between the acquisition of assets for processing and their realization in cash or cash equivalents?