Top 550+ Solved Corporate Accounting MCQ Questions Answer
Q. Authorised capital is called as……………
a. Reserve capital
b. Nominal Capital
c. Capital Reserve
d. Subscribed 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
Q. In case of ……………..preference shares, the arrears of dividend are carried forward and paidout of the profits of the subsequent years.
a. Participating
b. Convertible
c. Cumulative
d. Redeemable
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
Q. A bundle of fully paid shares is called……………..
a. Stock
b. Sweat Equity
c. Warrant
d. None of these
Q. IPO stands for ………………
a. Initial Private Offer
b. International Public Offer
c. Initial Public Offer
d. International Private 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
Q. Share application account is a ………..
a. Real Account
b. Nominal Account
c. Impersonal Account.
d. Personal Account
Q. A newly established company cannot issue shares at ……
a. Par
b. Premium
c. Discount
d. All of these
Q. ………..of total issued amount of capital is called minimum subscription.
a. 75%
b. 90%
c. 95%
d. 80%
Q. The rate of discount should not exceed ……………. Of nominal vale of shares.
a. 10%
b. 5%
c. 6%
d. 7%