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71.

Advance payment of tax should be shown on the:

A.	Assets side of a balance sheet	B.	Liabilities side of a balance sheet
C.	Debit side of a profit and loss account	D.	Credit side of a profit and loss account

72.

Dividends are usually paid on the:

A.	Called-up capital	B.	Paid-up capital
C.	Subscribed capital	D.	Nominal capital

73.

Which of the following is not concerned with the valuation of goodwill?

A.	Earning capacity method	B.	Super profits method
C.	Average profits method	D.	Net as sets method

74.

When two or more companies dissolve to form a new company, the process is known as:

A.	Amalgamation	B.	Absorption
C.	Reconstruction	D.	Combination

75.

Absorption is said to take place when:

A.	A company is formed to take over another company	B.	Two or more companies are dissolved to form a few company
C.	Two or more companies dissolve to be taken over by a existing company	D.	Two companies decide for virtual integration of their operations

76.

For calculating market value using P/E ratios, it is necessary to know:

A.	The rate of dividend	B.	Average profits
C.	Market price of the share	D.	Earnings per share and market price of the share

77.

The relationship between normal rate of return and P/E ratio is:

A.	Inverse	B.	Direct
C.	Irregular	D.	None of the above

78.

For a company to carry out capital reduction, permission is required from the:

A.	Controller of Capital Issues	B.	Competent Court
C.	Company Law Board	D.	Board of Directors

79.

Any balance in the capital reduction account after writing off lost capital is tansferred to:

A.	Capital reserve	B.	General reserve
C.	Debenture redemption reserve	D.	Capital redemption reserve

80.

In a scheme of reorganization, the amount of shares surrendered by shareholders is transferred to the:

A.	Shares surrendered account	B.	Capital reduction account
C.	Capital reorganization account	D.	Capital sacrificed account