Corporate Accounting Set 12

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 12

Q1 | The security premium account is shown in the balance sheet under the head……….
Q2 | ………..should be deducted from the share capital to determine the paid up capital.
Q3 | The share capital account is debited with …………while forfeiting shares
Q4 | On an equity share of Rs. 20, the company has called up Rs. 16 but Rs.14 has been receivedby the company, the share capital account should be credited by ……
Q5 | Balance of forfeited share is …….
Q6 | When shares are issued at a price higher than their face value, it is called issue at…………..
Q7 | The shares of a company only can be forfeited after giving a ………days notice
Q8 | The forfeited shares can be reissued at …………
Q9 | Discount on reissue of forfeited shares should not exceed ………….
Q10 | Preference shares cannot be redeemed at ………..
Q11 | Preference shares can be redeemed by………….
Q12 | …………… preference shares can be redeemed
Q13 | Profit available for dividend distribution is called ………….
Q14 | Which of the following is an example for capital profit?
Q15 | Which of the following is an example for divisible profit?
Q16 | In case of redemption out f profit, an amount equal to face value of shares so redeemedshould be transferred to …………
Q17 | Capital Redemption Reserve Account can be utilized for………
Q18 | The allotment of shares in case of oversubscription is called…..
Q19 | Security premium account can be utilized for ………….
Q20 | …………..is that portion of issued capital which is applied for by the public.
Q21 | ……………is an instrument of acknowledgment of debt.
Q22 | Debenture represents ………. Of a company
Q23 | Debenture holders will get ……..
Q24 | Debenture holders are the ……….of a company
Q25 | A charge created not on specific assets but generally on all assets is known as………….
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