Q. The most important income of a bank is
✅ Correct Answer: (B)
interest
Corporate Accounting MCQs and Notes
Q. Own debenture account will appear on the …… side of B/S
✅ Correct Answer: (B)
asset
Q. Under double account system, fixed assets are shown at…..
✅ Correct Answer: (A)
original cost
Q. In case of buyback of shares by a listed company, the letter of offer to the shareholders shall be dispatched not earlier than –
✅ Correct Answer: (C)
21 days from its submission to the SEBI in draft form
Q. Capital redemption reserve and security premium can be utilised for issuing ………bonus shares
✅ Correct Answer: (A)
fully paid
Q. The principle of subrogation is applicable to……………
✅ Correct Answer: (D)
All of the
Q. IFRS….. deals with business combination
✅ Correct Answer: (B)
IFRS 3
Q. The new Electricity Act was passed in the year…
✅ Correct Answer: (A)
2003
Q. Ind AS 28 deal with……..
✅ Correct Answer: (A)
investments in association and joint ventures
Q. Unsecured debentures are otherwise known as……. Debentures
✅ Correct Answer: (A)
simple