Corporate Accounting II - Flashcard II

Front

Every banking company is required to close the accounts on

Back

31st March

Front

An asset which does not generate income to the banker is termed as

Back

Non-performing Asset

Front

Preparation of consolidated balance sheet of holding company and its subsidiary company is done as per: AS-21, AS-22, AS-23, AS-24

Back

AS-21

Front

Pre acquisition profit in subsidiary company is considered as

Back

Capital profit

Front

The time interval between the date of acquisition of shares in subsidiary company and the date of a balance sheet of holding company is known as

Back

Post acquisition period

Front

A company has to acquire more than 50 % shares of another company in order to become a holding company.

Back

True

Front

The Regulator of Banking Companies in India

Back

RBI

Front

When a company not acquired the whole share of another company then remaining share are to be called?

Back

Minority interest

Front

Can one company become a holding of one or more companies?

Back

Yes

Front

Profit earned after acquisition of shares is treated as

Back

Revenue profit