Corporate Accounting II - Quiz II

Name

Register Number

Every banking company is required to close the accounts on

• 31st December
• 31st March
• 30th June
• 30th September

An asset which does not generate income to the banker is termed as

• Performing Asset
• Non-performing Asset
• Fixed Asset
• Current Asset

Preparation of consolidated balance sheet of holding company and its subsidiary company is done as per:

• AS-21
• AS-22
• AS-23
• AS24

Pre acquisition profit in subsidiary company is considered as

• Capital profit
• Revenue profit
• Goodwill
• Reserve

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

A company has to acquire more than 50 % shares of another company in order to become a holding company.

• True
• False

The Regulator of Banking Companies in India

• SEBI
• RBI
• SBI
• IPBS

When a company not acquired the whole share of another company then remaining share are to be called?

• Minority interest
• Cost of control
• Surplus interest
• Capital Profit