1. Which of the following statement is true?
Redeemable Preference Shares can be redeemed
Redeemable Preference Shares can be redeemed
2. Calls in advance account is whown seperately in
3. Leasehold property is generally depreciated by:
4. Minimum number of members in case of private companyis
5. From which of the following accounts can bonus shares be issued?
6. Ploughing-back of profits means:
7. If credit side of a bank account is greater than debit side, it indicates:
8. Debit: all Expenses and Losses
Credit: all Gains or Income
This formula is applicable for:
Credit: all Gains or Income
This formula is applicable for:
9. Interest on partner's loan is given to partners
10. Match the following.
List-I
List-II
a. Buy-back of equity shares must be authorised by
1. Not allowed
b. Buy-back of partly paid equity shares
2. Governs buy back of shares
c. Redemption of preference shares
3. Article of Association
d. Section 68 of the Companies Act
4. Only fully paid
List-I | List-II |
a. Buy-back of equity shares must be authorised by | 1. Not allowed |
b. Buy-back of partly paid equity shares | 2. Governs buy back of shares |
c. Redemption of preference shares | 3. Article of Association |
d. Section 68 of the Companies Act | 4. Only fully paid |
Read More Section(Accounting)
Each Section contains maximum 100 MCQs question on Accounting. To get more questions visit other sections.
- Accounting - Section 1
- Accounting - Section 2
- Accounting - Section 3
- Accounting - Section 4
- Accounting - Section 5
- Accounting - Section 6
- Accounting - Section 7
- Accounting - Section 8
- Accounting - Section 9
- Accounting - Section 10
- Accounting - Section 11
- Accounting - Section 12
- Accounting - Section 13
- Accounting - Section 14
- Accounting - Section 15
- Accounting - Section 16
- Accounting - Section 17
- Accounting - Section 18
- Accounting - Section 19
- Accounting - Section 20
- Accounting - Section 21
- Accounting - Section 22
- Accounting - Section 24
- Accounting - Section 25