Top 550+ Solved Corporate Accounting MCQ Questions Answer
Q. Preference shares can be redeemed by………….
a. Fresh issue of shares
b. Profit
c. Partly out of fresh issue and partly out of profit.
d. All of these
Q. …………… preference shares can be redeemed
a. Fully paid
b. Partly paid
c. Both A and B
d. None of these
Q. Profit available for dividend distribution is called ………….
a. Capital profit
b. Divisible profit
c. Capital Reserve
d. None of these
Q. Which of the following is an example for capital profit?
a. Capital Reserves
b. Security premium
c. Forfeited shares
d. All of these.
Q. Which of the following is an example for divisible profit?
a. General Reserve
b. Security premium
c. Forfeited shares
d. All of these.
Q. In case of redemption out f profit, an amount equal to face value of shares so redeemedshould be transferred to …………
a. Security premium
b. Capital Redemption Reserve
c. Dividend Equalization Reserve
d. None of these
Q. Capital Redemption Reserve Account can be utilized for………
a. Writing off past losses
b. Issuing partly paid bonus shares
c. Writing off capital losses
d. Issuing fully paid bonus shares
Q. Security premium account can be utilized for ………….
a. Issuing fully paid bonus shares
b. Write off preliminary expenses
c. Write off underwriting commission
d. All of these
Q. …………..is that portion of issued capital which is applied for by the public.
a. Issued capital
b. Subscribed capital
c. Nominal Capital
d. Paid up capital
Q. ……………is an instrument of acknowledgment of debt.
a. Equity share
b. Preference Share
c. Debenture
d. All of these
Q. Debenture represents ………. Of a company
a. Borrowed capital
b. Owned capital
c. Hybrid capital
d. None of these
Q. A charge created not on specific assets but generally on all assets is known as………….
a. Fixed charge
b. Floating charge
c. Mortgage
d. None of these