Extra Education
← All Corporate Accounting questions
1

Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.

Correct Answer: 10.70

Make the most of this question

This page focuses on one Corporate Accounting question from Faculty. After checking the answer, return to the topic list to practice more or run a timed set.

← More Corporate Accounting MCQsAll Faculty topicsMock test hub
Corporate Accounting MCQ: Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________. | Extra Education