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Corporate Accounting online mcq practice set with answers

Study Corporate Accounting online mcq practice set with answers for your academic course and prepare for your exam and online assignments. You can give online FREE Quiz and test your knowledge on OMCQ portal.

#OMCQ #MCQ #OnlineMCQ #OnlineQuiz – Yes! After Practice of MCQ, you can give Online Quiz Test of Corporate Accounting Multiple Choice Question Practice Exam Online Set and check your knowledge about your study.

Exam Question

Lease recorded as an asset acquisition accompanied by a corresponding liability by the lessee is…lease.

  • 1. Non-accounted
  • 2. Accounted
  • 3. Fixed
  • 4. Capital

View Answer

Answer 4. Capital

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Exam Question

The company can asset its own debentures.

  • 1. Purchase
  • 2. Sell
  • 3. Resell
  • 4. Mortgage

View Answer

Answer 3. Resell

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Exam Question

Equity share holders are

  • 1. Creditors
  • 2. Owners
  • 3. Customers
  • 4. Suppliers

View Answer

Answer 2. Owners

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Exam Question

The balance of the share forfeited account after the reissue of forfeited shares is transferred to

  • 1. General reserve
  • 2. Capital redemption reserve
  • 3. Capital reserve
  • 4. Sinking fund

View Answer

Answer 3. Capital reserve

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

If a share of Rs. 10 on which Rs. 6 has been paid, is forfeited it can be re issued at a maximum price of

  • 1. Rs. 6 per share
  • 2. Rs. 4 per share
  • 3. Rs. 10 per share
  • 4. Rs. 3 per share

View Answer

Answer 2. Rs. 4 per share

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Exam Question

The balance of sinking fund investment account after realization of investments is transferred to

  • 1. Profit and loss account
  • 2. Debenture account
  • 3. Sinking fund account
  • 4. Sinking fund investment account

View Answer

Answer 3. Sinking fund account

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

Difference between current assets and current liabilities is called…

  • 1. Net Profit
  • 2. Net Working Capital
  • 3. OROP
  • 4. Gross Profit

View Answer

Answer 2. Net Working Capital

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Exam Question

Owner of property, the temporary use of which is transferred to another (LESSEE) under the terms of a LEASE.

  • 1. Asset owner
  • 2. Lessor
  • 3. Lease Owner
  • 4. Contractor

View Answer

Answer 2. Lessor

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Exam Question

Individual who has died is called…

  • 1. Liability
  • 2. Financial Burden
  • 3. Decedent
  • 4. Annudent

View Answer

Answer 3. Decedent

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Exam Question

Movement from public ownership to private ownership of a company’s shares either by the company’s repurchase of shares or through purchases by an outside private investor.

  • 1. Going Private
  • 2. IPO
  • 3. FPO
  • 4. Propspectus

View Answer

Answer 1. Going Private

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Exam Question

A floating charge generally cover all the

  • 1. Fixed assets of the company including future one
  • 2. Current assets of the company including future one
  • 3. All the assets of the company including future one
  • 4. Fictitious assets of the company including future one

View Answer

Answer 3. All the assets of the company including future one

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Exam Question

While redeeming the debenture the debenture account should be debited at its…value.

  • 1. Annual value
  • 2. Market value
  • 3. Net value
  • 4. Face value

View Answer

Answer 4. Face value

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Exam Question

Right giving existing stockholders the opportunity to purchase shares of a new ISSUE before it is offered to others.

  • 1. Green Right
  • 2. Preemptive
  • 3. Bonus share
  • 4. White Right

View Answer

Answer 2. Preemptive

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Exam Question

Percentage of a firm’s profits that is paid out to shareholders in the form of dividends.

  • 1. Payout Ratio
  • 2. Retention Ratio
  • 3. Offer Ratio
  • 4. Distribution Ratio

View Answer

Answer 1. Payout Ratio

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Exam Question

Group that has authority to establish standards of financial reporting for all units of state and local government.

  • 1. Cas
  • 2. GASB
  • 3. FPO
  • 4. GAPS

View Answer

Answer 2. GASB

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Exam Question

Stock bonus plan of an employer that acquires SECURITIES issued by the plan sponsor.

  • 1. ESOP
  • 2. TSOP
  • 3. PPOP
  • 4. OROP

View Answer

Answer 1. ESOP

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Exam Question

Asset placed in a trust and used as collateral for a DEBT.

  • 1. Auditing
  • 2. Acconting
  • 3. Pooling
  • 4. Pledged

View Answer

Answer 4. Pledged

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

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Exam Question

Profit on cancellation of own debentures is transferred to

  • 1. Capital reserve
  • 2. Dividend equalization fund
  • 3. Profit and loss account
  • 4. None of the above

View Answer

Answer 1. Capital reserve

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

…is a concept of complete removal of an amount due.

  • 1. Depreciation
  • 2. Abatement
  • 3. Avoidance
  • 4. Absorption

View Answer

Answer 2. Abatement

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt

Exam Question

Account considered to be an offset to another account is…Account.

  • 1. Unaccounted
  • 2. Audited
  • 3. Contra
  • 4. parallel

View Answer

Answer 3. Contra

Practice set and Exam Quiz

Yes! You can do Online MCQ practice of Corporate Accounting question set and give online exam quiz test for Corporate Accounting, so you can check your knowledge. You can get MCQ Study and Exam link from home page.

Discuss if any doubt
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Important note for exam preparation: Must try Online MCQ Quiz Test after practice these Corporate Accounting MCQ, so you can check your knowledge and improve efficiency. You can get link from above mention for these subjects.