Scribd
Upload
839 views2 pages

Multiple Choice Questions: Paper-Bch 2.2: Corporate Accounting

This document contains 10 multiple choice questions related to corporate accounting topics such as preference shares, debentures, goodwill calculation methods, accounting for amalgamation, non-performing assets, and cash flow statement formats. The questions cover concepts like redemption of preference shares, debenture holder rights, goodwill valuation, amalgamation accounting, non-performing asset classifications, and identification of non-operating cash flows.

Uploaded by

Manan Gupta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
839 views2 pages

Multiple Choice Questions: Paper-Bch 2.2: Corporate Accounting

This document contains 10 multiple choice questions related to corporate accounting topics such as preference shares, debentures, goodwill calculation methods, accounting for amalgamation, non-performing assets, and cash flow statement formats. The questions cover concepts like redemption of preference shares, debenture holder rights, goodwill valuation, amalgamation accounting, non-performing asset classifications, and identification of non-operating cash flows.

Uploaded by

Manan Gupta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

MULTIPLE CHOICE QUESTIONS

B.Com. (Hons.) (CBCS): Semester – II


Paper- BCH 2.2: CORPORATE ACCOUNTING

1) Preference share can be redeemed out of:


a) Capital reserve
b) Fresh issue of debentures
c) Fresh issue of equity shares
d) Revaluation of fixed assets

2) Which of the following statements is true?


a) A debenture holder is an owner of the company
b) A debenture holder can get his money back only on the liquidation of the company
c) A debenture issued at a discount can be redeemed at a premium
d) A debenture holder receives interest only in the event of profits

3) Which of the following cannot be utilized for the redemption of preference-shares of


acompany?
a) Proceeds of fresh issue of shares
b) General Reserve
c) Dividend equalization reserve
d) Securities premium on fresh issue of shares

4) Under super profit basis goodwill is calculated by:


a) No. of years purchased multiplied will average profits.
b) No. of years purchased multiplied with super profits
c) Summation of the discounted value of expected future benefits
d) Super profit divided with expected rate of return

5) When amalgamation is in the nature of merger, the accounting method to be followed is:
a) Equity method
b) Purchase method
c) Pooling of interest method
d) Consolidated method

6) Under purchase method the difference between purchase consideration andSharecapital


ofthe transferee company should be adjusted to:
a) General Reserve
b) Amalgamation adjustment account
c) Goodwill or capital reserve
d) None of the above

7) For writing off the accumulated losses under the scheme of capital reduction, we debit—
a) Share capital account
b) Accumulated losses account
c) Capital reduction account.
d) None of the Above

8) Which of the following is not type of NPA (Non-performing assets)?


a) Sub-standard Assets
b) Doubtful Assets
c) Current Assets
d) Loss Assets

9) Schedule III Part II of the Companies Act, 2013 deals with:


a) Format of Balance Sheet
b) Format of Profit and Loss
c) Format of Cash Flow
d) Format of Trading Account

10) Which of the following cash flows is not a cash flow from operating activity?
a) Cash receipts from royalties, fees, commissions and other revenue.
b) Cash payments to suppliers for goods and services.
c) Cash payment to and on behalf of employees.
d) Payment of dividend

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy