In the case of joint stock companies , the assets and liabilities in B/S are arranged in the order of …

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 ___________.
• ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ in case of a joint stock company is shown on the Asset side under heading of intangible assets
• Goodwill in case of a joint stock company is shown on the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ side under the heading of intangible assets
• Assets in to Balance sheet of a limited company are arranged in order of :‐
• Goodwill incase of a joint stock on the assets side under the heading 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
• In case of electricity companies, contingency reserve is created until it amounts to ….. of the original cost of the fixed assets.
• A contract that evidences a residual interest in the assets of an undertaking after deducting all its liabilities is called