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Investment Accounting - MCQs

Authored by PRADEEP PRAJAPATI

Professional Development

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Investment Accounting - MCQs
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Investment accounting is primarily concerned with:

Managing employee payroll

Recording the purchase and sale of shares and debentures

Preparing bank reconciliation statements

Valuing inventory

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Investment in government securities is generally classified as:

Fixed Assets

Current Liabilities

Current Assets

Non-Current Investments

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest on bonds or debentures is usually received:

Monthly

Quarterly

Half-yearly

Annually

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Dividend on shares is recognized in the books of account when:

It is declared

It is received

It is proposed

Shares are purchased

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If bonus shares are received, it will:

Increase investment cost

Decrease investment cost

Not affect investment cost

Be treated as income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Brokerage paid on purchase of investment is:

Treated as revenue expense

Deducted from investment value

Added to the cost of investment

Ignored

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is 'cum-interest' purchase of debentures?

Includes accrued interest

Excludes accrued interest

No interest involved

Only face value

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