Top 550+ Solved Corporate Accounting MCQ Questions Answer

a. 2.5%

b. 5%

c. 7.5%

d. 10%

a. secured loan

b. share capital

c. reserves & surplus

d. all of these

a. fixed asset

b. good will

c. debentures

d. debtors

a. securities premium

b. profit on forfeiture of shares

c. profit on sale of fixed assets

d. all of these

a. secret reserve

b. general reserve

c. capital reserve

d. specific reserve

a. Fixed asset

b. current asset

c. foot note

d. none

a. Share capital

b. current liabilities

c. Reserves & Surplus

d. non- current liability

a. Current profit

b. past reserves

c. money provided by government

d. all of these

a. Balance sheet

b. Statement of P&L

c. Cash flow statement

d. all of these

a. Debentures

b. term loans

c. loans repayable on demand from banks

d. long- term finance lease obligations

a. Current liabilities

b. added to called-up capital

c. current assets

d. deduction from called -up capital

a. Interim dividend

b. tax deducted at source

c. net dividend

d. difference adjustment

a. merger

b. consolidation

c. reconstruction

d. realization

a. 90%

b. 80%

c. 100%

d. none of these

a. Preference shareholders a/c

b. equity shareholders a/c

c. creditors a/c

d. none of these