Advanced Accounting-II MCQ | T.Y. B.Com. Sem-III Subject: –

Advanced Accounting-II MCQ | T.Y. B.Com. Sem-III Subject: –

40) Pooling of Interest Method is used in amalgamation in the nature of …………….

a) Purchase

b) Merger

c) Mix

d) Other

41) When company is turn into liquidation and new company is formed to take over business & such company it is termed as ……….

a) A) Absorption

b) Liquidation

c) External Reconstruction

d) Internal Reconstruction

42) When company is internally re-organised without liquidation it is termed as ……………..

a) Amalgamation

b) Absorption

c) External Reconstruction

d) Internal Reconstruction

43) Authorized capital is also termed as ………………

a) Nominal Capital

b) Reserve Capital

c) Sink Capital

d) None

44) The part of share capital, which is reserved and cannot called during life time of company is termed as ………..

a) Authorized Capital

b) Subscription Capital

c) Called-up Capital

d) Reserve Capital

45) Shares stock means ……………

a) Closing Stock of Shares

b) Average Stock of Shares

c) Opening Stock of Shares

d) Bunch of Fully paid Shares

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46) Shares of Rs. 100 converted in shares of Rs. 10 is termed as……………

a) Consolidation

b) Subdivision

c) Conversion

d) None

47) Shares of Rs. 10 converted in shares of Rs. 100 is termed as…………….

a) Consolidation

b) Subdivision

c) Conversion

d) None

48) In case of External Reconstruction following account is prepared to ascertain the result of External Reconstruction ………………..

a) Capital Reduction A/c

b) Realisation A/c

c) Profit & Loss A/c

d) None

49) In case of Internal Reconstruction following account is prepared to ascertain the result of scheme ………….

a) Realisation A/c

b) Capital Reduction A/c

c) Profit & Loss A/c

d) None

50) Balance of shares surrendered but not re-issued transferred to ……………

a) Profit & Loss A/c

b) Realisation A/c

c) Capital Reduction A/c

d) None

Also Read :-

1. Marketing Management MCQs
2.  Digital Business Management MCQs
3.  Cost Accounting MCQs
4.  Join Our Telegram Channel