Corporate Accounting Set 10

Bachelor of Business Administration (BBA),

Bachelor of Commerce (B Com)

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This set of Corporate Accounting Multiple Choice Questions & Answers (MCQs) focuses on Corporate Accounting Set 10

Q1 | Rebate on bills discounted is also called --------
Q2 | While preparing P/L account , rebate on bills discounted to be provided shall bededucted from discount received in --------
Q3 | Which of the following are performing assets?
Q4 | Interest on non-performing assets should be recognized on -------- basis.
Q5 | Which of the following represents term deposit?
Q6 | The short term advances made by a bank to the stock brokers and bill brokers arecalled ---------
Q7 | ------ is an annual payment made by a life insurance company in consideration forma lump sum received.
Q8 | Which of the following represents policy holders a/c?
Q9 | ------ is a device of reducing the risk undertaken by an insurance company.
Q10 | Under ……policy the sum assured becomes payable on the attainment of a specificage or on death whichever is earlier
Q11 | …….is a reserve created to meet any loss due to natural calamities.
Q12 | Life insurance is a contract of……
Q13 | General insurance is a contract of ……
Q14 | In the case of marine insurance reserve for unexpired risk is …..
Q15 | Valuation balance sheet is prepared by a life insurance company to find out
Q16 | Insurance Regulatory and Development Authorities Act came in to effect in
Q17 | Bonus payable on maturity of the policy is termed as
Q18 | Insurance Act came in to effect in….,
Q19 | Legal expenses in respect of claims of an insurance company is shown in -----------
Q20 | Bonus in reduction of premium appears in the revenue a/c as ----------
Q21 | ……………… is an artificial person created by law
Q22 | The liability of shareholders of a company is ………………..
Q23 | A company is managed by its…………….
Q24 | ………….company Is a company created by a special Act in Parliament
Q25 | A company registered with Registrar of Companies under Indian Companies Act is calledas………..
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