Q. Revenue Account is also called ………….
✅ Correct Answer: (B)
Policyholders’ Account
Corporate Accounting MCQs and Notes
Q. SLR stands for ……………
✅ Correct Answer: (B)
Statutory Liquidity Ratio
Q. Banking companies are governed in India by ……….
✅ Correct Answer: (A)
Banking Regulation Act
Q. In case of consolidation of share capital, the total number of shares ………….
✅ Correct Answer: (B)
Decreases
Q. Alteration of shares of smaller amounts into shares of larger amount is called ……….
✅ Correct Answer: (B)
Consolidation of shares
Q. When company converts its equity shares into capital stock, the account to be credited is …
✅ Correct Answer: (B)
Equity capital stock account
Q. In internal reconstruction, amount sacrificed by shareholders are credited to……..
✅ Correct Answer: (C)
Capital reduction account
Q. In internal reconstruction, the existing company will be ……….
✅ Correct Answer: (D)
None of these