Top 550+ Solved Corporate Accounting MCQ Questions Answer
Q. Salaries due to director, manager, secretary etc. are preferential.
a. True
b. False
c. none
d. none
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
Q. Spreadsheet software can be utilize to generate accounting reports.
a. True
b. False
c. none
d. none
Q. The idea of computers was first conceived by Charles P. Babbage in 1833.
a. True
b. False
c. none
d. none
Q. Consistency refers to the ability of the computers of perform a variety oftasks, simple as well as complex.
a. True
b. False
c. none
d. none
Q. Connectivity is acknowledge as a . . . . . . element of the computer system.
a. Sixth
b. Thirth
c. Fourth
d. Fifth
Q. Where large number of accounting data is involved spreadsheet software may notwork……………………………….
a. Effective
b. Speedy
c. Accurate
d. Perfect
Q. The Enterprise Resource Planning software are of…………………………..proposals.
a. Higher
b. Lower
c. Average
d. simple
Q. Repeating the same results without any variations irrespective of the number of timesthe program is run is known as……………………
a. Simple
b. Complex
c. Flexible
d. Consistency