Top 550+ Solved Corporate Accounting MCQ Questions Answer

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Q. Authorised capital is called as……………

a. Reserve capital

b. Nominal Capital

c. Capital Reserve

d. Subscribed capital

  • b. Nominal Capital

Q. …………..is that portion of capital which is called up only on winding up of the company.

a. Authorised Capital

b. Issued capital

c. Subscribed capital

d. Reserve capital

  • d. Reserve capital

Q. …………..shares are repayable after the expiry of the fixed period or at the option of thecompany.

a. Participating

b. Convertible

c. Cumulative

d. Redeemable

  • d. Redeemable

Q. A bundle of fully paid shares is called……………..

a. Stock

b. Sweat Equity

c. Warrant

d. None of these

  • a. Stock

Q. IPO stands for ………………

a. Initial Private Offer

b. International Public Offer

c. Initial Public Offer

d. International Private Offer

  • c. Initial Public Offer

Q. In …... the company offers the investors an opportunity to bid collectively.

a. Private Placement

b. Offer for sale

c. Book building

d. IPO

  • c. Book building

Q. The shares of a company can be issued at …………..

a. Par

b. Premium

c. Discount

d. All of these

  • d. All of these

Q. Share application account is a ………..

a. Real Account

b. Nominal Account

c. Impersonal Account.

d. Personal Account

  • d. Personal Account

Q. The rate of discount on shares cannot exceed ……….

a. 10%

b. 5%

c. 6%

d. 7%

  • a. 10%

Q. A newly established company cannot issue shares at ……

a. Par

b. Premium

c. Discount

d. All of these

  • c. Discount
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