The balance in capital reduction a/c after writing off all accumulated loss, fictitious assets and overvalued assets are transferred to -------------

Related MCQs

• The accumulated losses and fictitious assets of the transferor company are transferred to -------- a/c.
• 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 Account is transferred to …………
• Fictitious assets are shown on the asset side of the balance sheet of a company under the heading -----------
• Fictitious assets are shown on the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐side of the balance sheet.
• Fictitious Assets are shown on the asset side of the balance sheet of a company under the heading ‐‐ ‐‐‐‐‐‐‐‐‐
• After the implementation of the scheme of internal reconstruction , any surplus in capital reduction A/C is transferred to :
• After realizing all the investments, the balance in the sinking fund account is transferred to …………
• After all the debentures are redeemed the balance in the sinking fund is transferred to
• After all the debentures are redeemed; the balance in the sinking fund account is transferred to ‐‐‐‐‐‐ ‐‐‐‐‐‐‐.