Corporate Accounting Set 9

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 9

Q1 | Which of the following does not involve liquidation of any company?
Q2 | Under which of the following circumstances can a company resort to internalreconstruction?
Q3 | The balance in capital reduction a/c after writing off all accumulated loss, fictitiousassets and overvalued assets are transferred to -------------
Q4 | Which of the following result in reduction of capital?
Q5 | Which of the following is not an alteration of capital?
Q6 | Internal reconstruction can be done by ----------
Q7 | Which of the following is not a case of combination?
Q8 | The term banking is defined in section ….
Q9 | A bank can open a branch only at the permission of the…
Q10 | Schedule 16 relates to….
Q11 | Schedule 9 relates to….
Q12 | Banks are required to transfer ….. of their profits to statutory reserve
Q13 | Assets acquired by a bank in satisfaction of a claim are known as…
Q14 | Assets which do not carry more than normal credit risk is known as….
Q15 | On standard asset a minimum provision of….is required
Q16 | ------ represents that part of discount received during the year by a bank whichrelates to the next accounting year.
Q17 | A scheduled bank is required to maintain with RBI --------- at a prescribedpercentage of their total time and demand deposit.
Q18 | Every bank is required to maintain ----- with RBI in the form of cash, gold andsecurities an amount not less than 25% of their demand and time liabilities.
Q19 | Which of the following is not an advance given by a bank?
Q20 | ------ is a liability which may or may not arise in future depending on happening ofsome uncertain future event.
Q21 | Acceptances, endorsements and obligations on behalf of a customer will be shown as----- in the balance sheet of a company.
Q22 | NPA for a period not exceeding 12 months is called as ----- asset.
Q23 | Advanced tax paid by a banking company is shown as ---- in the Balance Sheet.
Q24 | Provision for Income tax is shown in a bank’s Balance Sheet as ------
Q25 | Rebate on bills discounted is shown in the Balance Sheet as ------
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