Corporate Accounting MCQ
Given below are Corporate Accounting MCQ with answers. These multiple choice questions are useful for BBA, B Com, MBA, MMS, M Com, BA, MA, and PGDM students. These corporate accounting mcq questions can also be used for UGC NET, SET, Ph D, UPSC, and MPSC competitive entrance exams.
Corporate Accounting MCQ
1) Cancelation of shares mean
A. Reissue of shares
B. Valuation of shares
C. Forfeiture of shares
D. Allotment of shares
Option: C
2) To issue shares on premium mean
A. Issue on face value of shares
B. Issue on more than face value of shares
C. Issue on less than face value of shares
D. Initial public offer
Option: B
3) To issue shares on Par mean
A. Issue on face value of shares
B. Issue on more than face value of shares
C. Issue on less than face value of shares
D. Initial public offer
Option: A
4) To issue shares on Discount mean
A. Issue on face value of shares
B. Issue on more than face value of shares
C. Issue on less than face value of shares
D. Initial public offer
Option: C
5) Goodwill mean
A. Good Will
B. Credit
C. Debit
D. Good Wishes
Option: B
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6) Which of following is not the method of valuation of Goodwill?
A. Average profit Method
B. Super profit Method
C. Capitalization Method
D. Straight line Method
Option: D
7) Super profit mean
A. Average Profit – Net profit
B. Average Profit – Normal rate of return
C. Weighted Average Profit
D. Net profit – Average Profit
Option: A
8) Which of following is not Method of calculation of Purchas Consideration?
A. Lump sum Method
B. Net Asset Method
C. Net Payment Method
D. Annuity Method
Option: D
9) Merger of two or more companies or business undertaking to form new company mean
A. Reconstruction
B. Amalgamation
C. Absorption
D. Commandment of Company
Option: B
10) Which of following is not Method of winding of company?
A. Compulsory winding up
B. Voluntary winding up
C. Winding up under the supervision of the court
D. Knowingly winding up
Option: D
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