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
21) As per SEBI Guideline minimum Application money shall not be less than
A. 25% of Issue price
B. 10% of Issue price
C. 20% of Issue price
D. 6% of Issue price
Option: A
22) The maximum allowable discount on Equity shares is
A. 8% of Issue price
B. 10% of Issue price
C. 12% of Issue price
D. 6% of Issue price
Option: B
23) Share application Account is _______________
A. Real A/c
B. Personal A/c
C. Nominal A/c
D. Fictitious A/c
Option: B
24) Share Allotment Account is _______________
A. Real A/c
B. Personal A/c
C. Nominal A/c
D. Fictitious A/c
Option: B
25) Share Call Account is _______________
A. Real A/c
B. Personal A/c
C. Nominal A/c
D. Fictitious A/c
Option: B
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26) Debenture holder are____________
A. Creditor Of Company
B. Debtor of Company
C. Owner of Company
D. Members of Company
Option: A
27) Share holder are____________
A. Creditor Of Company
B. Debtor of Company
C. Owner of Company
D. Members of Company
Option: C
28) After declaration dividends are paid to the shareholders as per the provision of
A. Indian Companies Act
B. RBI Act
C. SEBI Act
D. Indian Contract Act
Option: C
29) The first item in order of payment to be made by liquidator is
A. Liquidation expenses
B. Secured creditor
C. Preferential creditor
D. Preference shareholder
Option: A
30) Dividend Policy must be
A. Flexible
B. Flexible and Fixed both
C. Fixed
D. All of the above
Option: A
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