Corporate Accounting Set 25

Bachelor of Business Administration (BBA),

Bachelor of Commerce (B Com)

Learning Mode Previous Next
On This Page

This set of Corporate Accounting Multiple Choice Questions & Answers (MCQs) focuses on Corporate Accounting Set 25

Q1 | A Banking company required to prepare its balance sheet according to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ in theschedule III to the banking
Q2 | A Banking company required to prepare final accounts according to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ schedule to thebanking Regulation Act.
Q3 | A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company required to prepare its balance sheet according to form A in the IIIschedule to the banking Regulation Act.
Q4 | A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company required to prepare its project and loss account according to Form B inthe Schedule III to the Banking Regulation Act.
Q5 | The global key professional accounting body is
Q6 | International Public Sector Accounting Standards were issued by
Q7 | The process of recording financial data up to trial balance is
Q8 | In which of the following cases, accounting estimates are needed?
Q9 | The long term assets that have no physical existence but, possess a value isknown as,
Q10 | Which of these best explains fixed assets?
Q11 | The assets that can be easily converted into cash within a short period (i.e., 1year or less is known as,
Q12 | Which of the following statement is correct?
Q13 | Hitesh Ltd.’s purchase consideration is Rs.12,345 and Net Assets Rs.3,568,then...........
Q14 | If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt .............. accounting policies.
Q15 | When two or more companies carrying on similar business decide to combine, a newcompany is formed, it is known as…………………………
Q16 | When one of the existing companies take over business of another company orcompanies, it is known as…………………………………
Q17 | In case of .............., one existing company takes over the business of anothercompany and no new company is formed
Q18 | While calculating purchase consideration ............... values of assets is to beconsidered.
Q19 | Net Assets minus Capital Reserve is………………………
Q20 | The original amount of preference share capital should be transferred to ............ account in the time of amalgamation in the books of vendor co.
Q21 | ………………………………………………..method the amount of depreciation expenses remains same throughout the useful life of a fixed assets
Q22 | Depreciation arise because of………………………..
Q23 | Loss Prior to incorporation is treated as ........... Loss, and Vendor’s Salaries arechargeable to ................ incorporation period.
Q24 | Which type of asset class includes those assets which have only definite use andbecome valueless when the yield is over?
Q25 | Shares received from the new company are recorded at –
Previous Next