Corporate Accounting quiz

What is liquidation of a company?

• voluntory winding up

• compulsory winding up

• both 1st and 2nd

• none

What is liquidators final statement Accounts?

• It is prepared by liquidator

• it shows receipts and payments of a company

• voluntary winding up

• compulsory as companies Act

internal reconstruction means

• Capital reduction

• Reorganisation

• reducing

• decreasing

Statutory Reserve is which schedule?

• 2

• 1

• 14

• 12

Income from investments comes under which schedule?

• 11

• 10

• 6

• 13

Advertisement and Publicity comes under which schedule in bank accounts?

• 4

• 2

• 16

• 13

Profit on sale of investments comes under which schedule?

• 3

• 4

• 14

• 13

Intrest on deposits and bank borrowings which schedule?

• 11

• 14

• 16

• 15

What do you call the owner/s of a corporation?

• Stockholders

• Shareholders

• Partners

• Board of Directors

What is inflation?

• rise in all prices
• rise in most prices
• rise in some prices
• rise in general prices