Question 1 (Practical): X Ltd. holds 51.4673% of Y Ltd., Y Ltd. holds 51.3752% of W Ltd., Z Ltd. holds 49.3652% of W. Ltd. Who are Related Parties?

Question 2: Provide explanations as well

1. Which of coming up next is/are the advantage/s of repurchase:

(A) Free saves which are utilized for repurchase instead of benefit update the examination of the association's offers and improve pay per share

(B) Surplus cash may be utilized by the relationship for repurchase and maintain away from the piece of benefit charge

(C) Buy-back may be used as a weapon to bewilder any undermining take-over of the relationship by irritating individuals

(D) All of the as of late referred to

2. Provision is made for

(A) Unknown Liability

(B) Known Liability

(C) Creation of secret save

(D) None

3. If an alliance has unforeseen duty it appears in the

(A) Balance Sheet

(B) Director's Report

(C) Notes to accounts

(D) Chair man's Report

4. Which of coming up next is really not a cash related theoretical

(A) P and L A/c

(B) Balance Sheet

(C) Fund Flow Statement

(D) Trial Balance

5. Which of coming up next is/are the source/s of remuneration issue of offers?

(A) Free Reserves

(B) Securities Premium Account

(C) Capital Redemption Reserve Account

(D) All of the as of late referred to

6. When a financial sponsor fails to pay calls, the relationship, at whatever point related with by its articles, may

(A) Surrender the offers

(B) Forfeit the offers

(C) Reissue the offers

(D) All of the as of late referred to

7. Sundry Creditors for Goods or Services, and confirmations should be uncovered as a fragment of .

(A) Trade payable

(B) Trade receivable

(C) Non-current endeavors

(D) None of the as of late referred to

8. Cash receipts from expulsion of fixed assets is a/an

(A) Operating Activity

(B) Investing Activity

(C) Financing Activity

(D) None of the as of late referred to

9. General Ledger of a Banking Company doesn't contain

(A) Control Accounts of each nearby record

(B) Assets Accounts

(C) Contra Accounts

(D) Balance Sheet

10. Losses of burglary are covered by insurance systems

(A) Burglary

(B) Fire

(C) Marine

(D) None of the as of late referred to