Top 50+ Solved Company Liquidation Accounts MCQ Questions Answer
Q. Amount due to workman is rank with ……………….in the event of liquidation of thecompany.
a. Government Dues
b. Secured creditors
c. Unsecured creditors
d. Preferential liabilities
Q. ………………… means any person employed in any skilled or unskilled, manual,supervisory (wages less than 1600 p.m.), technical work.
a. Workman
b. Creditors
c. Trade receivable
d. Directors
Q. A company being a creation of law cannot die a natural death. It comes to an end bylaw through the process of liquidation
a. True
b. False
c. none
d. none
Q. If a company makes a default in delivering the to the registrar or n holding thestatutory meeting, then company is compulsorily wound up by the court.
a. Audit report
b. Income tax report
c. Statutory report
d. Financial Statement
Q. Creditors voluntary winding up applies to ………………. Companies
a. Solvent
b. Insolvent
c. Textile
d. Automoblie