corporate accounting

corporate accounting

University

10 Qs

quiz-placeholder

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corporate accounting

corporate accounting

Assessment

Quiz

Arts

University

Practice Problem

Hard

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kalaiarasi .M

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following capital is not shown in company’s balance sheet?

a) Authorised capital

b) Issued and subscribed capital

b) Issued and subscribed capital

d) Reserve Capital

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

2.Share application and allotment account is a

a) Personal account

b) Real account

c) Nominal account

d) Real and nominal account

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

3.The amount of capital that a company can issue at par value is called

a) Authorised capital

b) Share premium

c) Issued capital

d) Fixed capital

 

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

4.The share of profit a shareholder will receive is called

a) Dividend

b) Surplus

c) Net profit  

d) Retained profit

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

    5. The excess price received over the par value of shares, should be credited to

a) Calls-in-advance account

b) Share capital account

c) Reserve capital account

d) Share premium account

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

6. A 10% debenture of nominal value of Rs.100 has been issued at Rs.90 is said to be issued at

a) Discount

b) Premium

c) Par 

d) Commission                  

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

7.When shares are issued to promoters for the services offered by them, the account that will be debited with the nominal value of shares is

a) Preliminary expenses

b) Goodwill

c) Asset account               

d) Share capital       

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