Q. Purchase consideration includes ………..
✅ Correct Answer: (D)
All of these
Corporate Accounting MCQs and Notes
Q. ……….is not transferred to realisation account
✅ Correct Answer: (B)
Fictitious asset
Q. Realisation Account is a …………..
✅ Correct Answer: (C)
Nominal Account
Q. Which of the following is not a statutory reserve?
✅ Correct Answer: (A)
General reserve
Q. X Ltd takes over Y Ltd and agrees to discharge debenture holders of Y Ltd at a premium of 5%. The premium should be debited to ………
✅ Correct Answer: (A)
Realisation Account
Q. The dividend declared between two annual general meeting is called ……….
✅ Correct Answer: (C)
Interim Dividend
Q. The Profit and Loss Account of companies is prepared in the form ………….
✅ Correct Answer: (D)
Part II of Schedule VI
Q. The Balance sheet of Companies are prepare in the form ……….
✅ Correct Answer: (B)
Part I of Schedule VI
Q. As per ………..it is the statutory obligation of companies to prepare their final accounts.
✅ Correct Answer: (A)
Sec 210