Accounting - Study Mode
[#2101] . . . . . . . . is a liability which may or may not arise in future depending on happening of some uncertain future event.
Correct Answer
(A) contingent liability
[#2102] Pooling of interest method is applicable for amalgamation in the nature of . . . . . . . .
Correct Answer
(A) merger
[#2103] Average due date can be called as . . . . . . . .
Correct Answer
(A) mean due date
[#2104] When one of the following reflects the over all efficiency with which capital is used?
Correct Answer
(A) Return on shareholders funds
[#2105] . . . . . . . . is an annual payment made by a life insurance company in consideration form a lump sum received.
Correct Answer
(B) Annuity