Corporate Accounting

Q 1. A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company required to prepare its project and loss account according to Form B in the Schedule III to the Banking Regulation Act.

(A) Insurance company
(B) Joint stock company
(C) Banking company
(D) None of these.
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

Q 2. A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company required to prepare its balance sheet according to form A in the III schedule to the banking Regulation Act.

(A) Insurance company
(B) Joint stock company
(C) Banking company
(D) None of these.
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

Q 3. A Banking company required to prepare final accounts according to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ schedule to the banking Regulation Act.

(A) III
(B) IV
(C) V
(D) VI
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

Q 4. A Banking company required to prepare its balance sheet according to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ in the schedule III to the banking

(A) Form A
(B) Form B
(C) Form C
(D) Form D
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

Q 5. A company required to prepare in profit & loss Account according to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ in to III schedule to the banking regulation Act.

(A) Form A
(B) Form B
(C) Form C
(D) Form D
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

Q 6. Banks are required to prepare final accounts for each ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ year

(A) Financial year
(B) Calendar year
(C) Previous year
(D) None of these.
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

Q 7. No profits and Loss Appropriation Account is prepared in case of a ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company.

(A) Company
(B) Partnership
(C) Banking company
(D) None of these,
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

Q 8. Contingency funds have been grouped in the balance sheet under the head ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

(A) Other liabilities
(B) Provisions
(C) Current liabilities
(D) Current liabilities and provisions.
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

Q 9. Banks show provision for income tax under the head

(A) Contingency Account
(B) Other liabilities
(C) Contingent liabilities
(D) None of these.
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

Q 10. Money at call and short notice is an ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the Banking company.

(A) Liability
(B) Asset
(C) Income
(D) Expense
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share