If the actual profits are more than the expected normal profits, the difference is termed as ‐‐‐‐‐‐‐

Related MCQs

• In the calculation of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐, past profits will have to be adjusted, in order to dertemine the future expected profits.
• When the proposed dividend is more than 20 %, an amount equal to ‐‐‐‐‐‐‐‐‐‐‐ of the current profits must be transferred to reserve.
• Assets which do not carry more than normal credit risk is known as….
• On a consolidated balance sheet, if the shares of a company have been bought for more than the balance sheet value then the difference would appear as:
• When the Net Assets are less than the Purchase Consideration, the difference will be
• Those preference shares which do not carry the right of share in excess profits are known as ------- preference shares.
• When debentures are redeemed out of profits, an amount equal is transferred to…..
• Banks are required to transfer ….. of their profits to statutory reserve
• In case of ……………..preference shares, the arrears of dividend are carried forward and paid out of the profits of the subsequent years.
• All the …… profits are not available for the purpose of redemption of preference shares