Accounting Mcqs

Page No. 14

Which of the following is the most important document of the company?


aMemorandum of association


bArticles of association


cAnnual report


dProspectus



Debenture is also named as


aShare


bBond


cReserve


dEquity


View Answer Bond

In which of the following condition, a company will have positive working capital?


aIf current assets>current liabilities


bIf current assets


cIf current assets = current liabilities


dNone of the above



Which of the following account will be credited in the books of XYZ Co. Ltd, if the business purchases a vehicle thriugh cheque?


aVehicle account


bBusiness account


cBank account


dDebtors account


View Answer Bank account

Accounts receivable & inventory are the examples of


aCurrent assets


bLiquid asset


cFixed asset


dCapital asset


View Answer Current assets

Which of the following capital is required for the registration of the company?


aIssued capital


bSubscribed capital


cAuthorized capital


dReserve capital


View Answer Authorized capital

Which of the following is quoted company?


aPrivate limited company


bPublic limited company


cListed company


dNon listed company


View Answer Listed company

Which of the following is NOT a cash inflow?


aSale of fixed asset


bIssue of debentures


cCash from business operation


dPurchase of fixed asset



Which of the following documents contains rules and regulations for internal management of the business?


aMemorandum of association


bArticles of association


cProspectus


dStatutory Declaration



In which of the following interim dividend is treated?


aIn profit and loss account


bIn profit and loss appropriation account


cOn the asset side of the Balance sheet


dIn trading account



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