Top 1000+ Solved Financial Accounting MCQ Questions Answer
Q. Accounts of LLP are to be audited by _____________
a. cost accountant
b. master of commerce
c. chartered accountant
d. company secretary
Q. In the case of members voluntary winding up liquidator is appointed by _____________
a. the company in general meeting
b. the registrar of companies
c. the central government
d. the board of directors
Q. R LTD. Issued a debenture of Rs.100 each at Rs.90. The underwriting commission will be paid on___________
a. rs.90
b. rs.95
c. rs.100
d. rs.105
Q. Certificate of incorporation of LLP is issued by_______________
a. registrar of co-operative societies
b. registrar of companies
c. registrar of universities
d. registrar of firms
Q. Amount of retirement benefits of employees exceeding Rs.20,000 per employees is treated as____________
a. over-riding preferential creditors
b. preferential creditors
c. unsecured creditors
d. secured creditors
Q. M LTD. Issued share at a face value of Rs. 100 with a premium of Rs.20 per share. The underwrting commission will be calculated on __________
a. rs.120
b. rs.80
c. rs.90
d. rs.100
Q. The Balance in receivable as on the date of Balance sheet is converted at rate______________
a. on the date of balance sheet
b. on the date of subsequent
c. on the date of sale goods
d. on the date of first recovery
Q. According to AS 14, Transferor company means the company__________
a. which is amalgamated into another company
b. which is any one old company into new comapny
c. which is newly formed
d. into which a company is amalgamated
Q. LLP can be dissolved by the order of____________
a. sessions court
b. district court
c. nclt
d. high court
Q. Accrued Holiday remuneration becoming payable to any workman is treated as ________________________
a. unsecured creditors
b. over-riding preferential creditors
c. preferential creditors
d. secured creditors
Q. Purchase goods from ram this is a
a. Cash purchase
b. Credit purchase
c. Partly cash purchase
d. Bulk purchase
Q. Sold machinery worth Rs 10000 to Ramesh.it is entered in the
a. Sales account
b. Cash account
c. Sales return account
d. Machinery account