Any increase in the value of assets is…. to capital reduction

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 -------------
• ……………………reconstruction refers to the reduction of capital to cancel any paid up capital.
• After the implementation of the scheme of internal reconstruction , any surplus in capital reduction A/C is transferred to :
• After the implementation of scheme of internal reconstruction, any amount left in the capital reduction A/C will be transfer to:
• In internal reconstruction, increase in the value of fixed assets is credited to……….
• In order to know ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ value of shares, it is necessary to know the net value of the assets of the company.
• 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:
• Redemption of preference shares should not be regarded as reduction of ----- capital of the company.