Corporate Accounting Set 15

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 15

Q1 | In………., an existing company’s financial structure is reorganized without liquidating theexisting company and forming a new company.
Q2 | Internal reconstruction is done due to ………..
Q3 | In ………., the company does not loss its identity
Q4 | Internal reconstruction can be ………
Q5 | Capital of a company can be reduced by …………
Q6 | Capital Reduction Account is a ………..
Q7 | The balance in Capital Reduction Account is transferred to …………
Q8 | In internal reconstruction, increase in the value of fixed assets is credited to……….
Q9 | In case of subdivision of share capital, the amount of share capital……….
Q10 | In case of subdivision of share capital, the total number of shares ……….
Q11 | In internal reconstruction, the existing company will be ……….
Q12 | In internal reconstruction, amount sacrificed by shareholders are credited to……..
Q13 | When company converts its equity shares into capital stock, the account to be credited is …
Q14 | Alteration of shares of smaller amounts into shares of larger amount is called ……….
Q15 | In case of consolidation of share capital, the total number of shares ………….
Q16 | . ……..is called a factory of credit.
Q17 | Banking companies are governed in India by ……….
Q18 | CRR stands for …………
Q19 | SLR stands for ……………
Q20 | The method of rapidly posting entries in the books of banks is called as ……….
Q21 | The P&L A/c of Banking Companies are prepared as per ………….of Banking Regulation Act.
Q22 | …….of profit is transferred to statutory reserves.
Q23 | Banks show the provision for income tax under the head ……….
Q24 | Rebate on bills discounted is ………..
Q25 | NPA stands for………….
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