Corporate Accounting II - Quiz II

Corporate Accounting II - Quiz II

University

22 Qs

quiz-placeholder

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Corporate Accounting II - Quiz II

Corporate Accounting II - Quiz II

Assessment

Quiz

Professional Development

University

Hard

Created by

Braba C

Used 1+ times

FREE Resource

22 questions

Show all answers

1.

OPEN ENDED QUESTION

1 min • 1 pt

Name

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

1 min • 1 pt

Register Number

Evaluate responses using AI:

OFF

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Every banking company is required to close the accounts on
31st December
31st March
30th June
30th September

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An asset which does not generate income to the banker is termed as
Performing Asset
Non-performing Asset
Fixed Asset
Current Asset

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Preparation of consolidated balance sheet of holding company and its subsidiary company is done as per:
AS-21
AS-22
AS-23
AS24

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Pre acquisition profit in subsidiary company is considered as
Capital profit
Revenue profit
Goodwill
Reserve

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The time interval between the date of acquisition of shares in subsidiary company and the date of a balance sheet of holding company is known as
Pre acquisition period
Post acquisition period
Pre commencement period
Pre incorporation period

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