Corporate Accounting exam quiz with answer

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Corporate Accounting

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

3. Pooling

4. Pledged

1. Auditing

2. Acconting

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Q: All post-retirement benefits other than pensions, provided by employers to employees.

1. Pension

2. OPEB

3. NPV

4. Gratuity

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Q: Written promise to pay a specified amount to a certain entity on demand or on a specified date.

1. Challan

2. Contract

3. Advisoty Note

4. Note

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Q: The stockholders' investment in a corporation is called...Capital.

1. Fixed

2. Contributed

3. Parallel

4. Participated

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Q: Any amount a corporation pays to a shareholder to directly or indirectly buy back its stock...mail.

1. Red

2. Green

3. White

4. Yellow

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Q: The difference between the realistic interest and the interest actually used is referred to as...interest.

1. Historical

2. Depreciated

3. Imputed

4. Calculated

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Q: Book building is a method of

1. Price estimation for issue of shares to the public

2. Allotment of shares

3. Redemption of shares

4. Redemption of debentures

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Q: 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

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Q: 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

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Q: Right shares mean the shares which are

1. Issue to the directors of the company

2. First offered to the debenture holder

3. First offered to the existing share holders

4. Issued by a newly formed company

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Q: The minimum share application money is

1. Rs. 2 per share

2. 5% of the nominal value of shares

3. 50% of the nominal value of shares

4. 20% of the nominal value of shares

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Q: Public Limited Companies cannot issue

1. Equity shares

2. Preference shares

3. Deferred shares

4. Bonus shares

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Q: Loss on sale of sinking fund investment is to be debited to...account.

1. Sinking fund account

2. Sinking fund investment account

3. Capital reserve account

4. Capital redemption fund account

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Q: Provision of funds must be made, if debentures are to be redeemed by...method.

1. Debenture redemption fund

2. Sinking fund

3. Sinking fund investment

4. All of the above

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Q: The company can asset its own debentures.

1. Purchase

2. Sell

3. Resell

4. Mortgage

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Q: Own debenture amount will appear on side of the balance sheet.

1. Liability

2. Asset

3. Under the balance sheet

4. Profit and loss A/c

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Q: Any premium payable on the redemption of preference account or from the divisible shares must be from the profits of the company.

1. Security premium

2. Discount on issue of shares

3. Dividend

4. Capital redemption

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Q: Now, a company can buy back more than per cent of its shares.

1. 20%

2. 30%

3. 25%

4. 15%

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Q: The profit on reissue of forfeited share is transferred to

1. Capital A/c

2. Capital reserve A/c

3. Capital redemption A/c

4. Redemption of share A/c

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Q: The share premium amount will be shown under the heading

1. Share capital

2. Current liabilities

3. Reserves and surplus

4. Current assets

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FAQ Corporate Accounting exam quiz

Q1: Is this free online quiz for Corporate Accounting?

Answer: Yes! you can test your skills and its 100% free to give test from Corporate Accounting subjects. You can study from question bank on home pages and search from entire question bank.

Q2: How many question in this online quiz for Corporate Accounting multiple choice question?

Answer: There are 20s multiple choice question from question bank of Corporate Accounting. Every time question will swap from online question bank. So you can test your knowledge and check percentages of correct/incorrect along-with answers.

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Corporate Accounting exam quiz with answer

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