Sinking fund can be created out of a revenue profit b

165. Sinking fund can be created out of ____.
A. Revenue profit.
B. Capital profit.
C. Premium.
D. Capital redemption reserve
166. Debentures represent the _____.
167. 108. Debenture holders are the _____.
168. 109. Company can alter the share capital provided it is authorized by__________.
169. The company can implement the capital reduction scheme only after getting permission
from___________.
A. Central government.
B. Share holders.
C. Competent court.
D. Controller of capital issue.
170. 111. In case of internal reconstruction the existing company will be___________.

171. Increases in the value of fixed assets at the time of reconstruction will be credited to
172. To carry out the scheme of capital reduction ------- approval is necessary.
173. Audit fees should be divided between pre and post incorporation periods in ______.
A. Time ratio.
B. Time ratio or posted only in post-incorporation period.
C. Sale ratio
D. Adjusted time ratio.
174. In the liabilities side of the balance sheet, unclaimed dividend is shown under the heading
_______.
175. The balance in the capital reduction account after writing of all accumulated losses and
others is transferred to
176. When shares are surrendered ___________ is debited.

D. Assets a/c.
177. Premium received on the issue of share can be utilised for ___.
A. Issue of fully paid bonus shares
B. Writing of preliminary expenses
C. Providing premium payable on redemption of preference shares
D. All the above
178. When the shares are issued for acquiring the assets, then _____ is debited to take the
assets.
179. When the shares are issued to existing shareholders without receiving cash, it is known as
__________.