Accounting MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10 Section 11 Section 12 Section 13 Section 14 Section 15 Section 16 Section 17 Section 18 Section 19 Section 20 Section 21 Section 22 Section 23 Section 24 Section 25 Section 26 Section 27 Section 28 Section 29 Section 30

41.
Debenture is also named as

A. Share

B. Bond

C. Reserve

D. Equity

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42.
Which of the following is the most important document of the company?

A. Memorandum of association

B. Articles of association

C. Annual report

D. Prospectus

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43.
Authorized share capital is also known as

A. Registered capital

B. Issued capital

C. Paid up capital

D. Called up capital

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44.
The maximum amount with which a company is registered is called

A. Authorized capital

B. Issued capital

C. Paid up capital

D. Called up capital

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45.
Which one of the following is NOT true about revenue expenditure?

A. These are the running expenses of the business

B. They improve the financial position of the business

C. They reduce the profit of the concern

D. They do not appear in the balance sheet

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46.
Which one of the following statement is CORRECT about long term liabilities?

A. These are due within one year

B. These consist of all debts, payabke after 12 months

C. In working capital, these are deducted from current assets

D. All of the above

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47.
Which one of the following can offer its share to public at large?

A. Private limited company

B. Listed company

C. Partnership firm

D. Trust

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48.
The persons who sign Articles and Memorandum of the company and contribute in the initial share capital of the company are called

A. Subscribers

B. Shareholders

C. Managers

D. Directors

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49.
Which of the following are the owners of a company?

A. Proprietors

B. Partners

C. Shareholders

D. Managers

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50.
General office expenses are charged to which of the following head?

A. Administrative expenses

B. Marketing expenses

C. Selling expenses

D. Financial expenses

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Accounting MCQ Questions and Solutions with Explanations | Commerce

41. Debenture is also named as

Answer & Solution

42. Which of the following is the most important document of the company?

Answer & Solution

43. Authorized share capital is also known as

Answer & Solution

44. The maximum amount with which a company is registered is called

Answer & Solution

45. Which one of the following is NOT true about revenue expenditure?

Answer & Solution

46. Which one of the following statement is CORRECT about long term liabilities?

Answer & Solution

47. Which one of the following can offer its share to public at large?

Answer & Solution

48. The persons who sign Articles and Memorandum of the company and contribute in the initial share capital of the company are called

Answer & Solution

49. Which of the following are the owners of a company?

Answer & Solution

50. General office expenses are charged to which of the following head?

Answer & Solution

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41.
Debenture is also named as

42.
Which of the following is the most important document of the company?

43.
Authorized share capital is also known as

44.
The maximum amount with which a company is registered is called

45.
Which one of the following is NOT true about revenue expenditure?

46.
Which one of the following statement is CORRECT about long term liabilities?

47.
Which one of the following can offer its share to public at large?

48.
The persons who sign Articles and Memorandum of the company and contribute in the initial share capital of the company are called

49.
Which of the following are the owners of a company?

50.
General office expenses are charged to which of the following head?