Top 550+ Solved Corporate Accounting MCQ Questions Answer
Q. Sources of finance of the redemption of debentures are:
a. redemption out of profits
b. redemption out of capital
c. the proceeds from fresh issue of shares/debentures
d. all the above
Q. Which of the following is not shown on the liability side of a balance sheet of a company
a. authorized capital
b. issued capital
c. paid up capital
d. reserve capital
Q. Conversion of physical shares in to electronic securities is called….
a. dematerialization
b. price rigging
c. re-materialization
d. none of these
Q. Public limited companies cannot issue ….
a. equity shares
b. deferred shares
c. preference shares
d. right shares
Q. The minimum share application money is….
a. Re.1 /share
b. 5% of the face value of share
c. 10% of the issue price of share
d. none of these
Q. The difference between subscribed capital and called capital is known as…..
a. calls in advance
b. paid up capital
c. uncalled capital
d. calls in arrear
Q. Right shares are those shares which are issued to
a. directors
b. promoters
c. existing shareholders
d. none of these
Q. The profit on reissue of shares is transferred to ….
a. general reserve
b. capital reserve
c. P/L Account
d. P/L Appropriation account
Q. Voluntary return of shares by shareholders to the company for cancellation is called
a. transfer of shares
b. forfeiture of shares
c. surrender of shares
d. buyback of shares