( Best 20+ ) Company Final Accounts MCQ

by Mr. DJ

Company Final Accounts MCQ

Table of Contents

Company Final Accounts MCQ

11. In company Final Accounts Goodwill is shown under……………

A. Current Liabilities

B. Current Assets

C. Fixed Assets

D. Inventories

12. Dividend is payable on the amount of…………………………..

A. Profit

B. Reserves

C. Loss

D. Income

13. The dividend paid between two annual general meeting is known a……………………….

A. Final dividend

B. Ex Dividend

C. Interim Dividend

D. Dividend

14. Unclaimed dividend recorded on the…………………….. the balance sheet.

A. Liability

B. Assets

C. Credit

D. Debit

15. A liability which can be measured only by using a substantial degree of estimation is
called……………………….

A. Contingent liabilities

B. Contingent Assets

C. Fixed Assets

D. Non Current Liabilities

16. Unquoted shares means……………………….

A. Listed Shares

B. Quoted Shares

C. Unquoted Shares

D. Unlisted Shares

17. Bills receivable is ……………………..assets.

A. Current

B. Non – current

C. Fixed Assets

D. Investment

18. The amount of profit kept a side to maintain uniform rate of dividend is
called………………

A. Ex Dividend

B. Final Dividend

C. Undistributed Dividend

D. Dividend

19. Director’s remuneration shall not exceed ………………. % of the net profits.

A. 10%

B. 20%

C. 15%

D. 13.333%

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