Q. If a part of the issue of share or debenrues is underwritten, it is termed as__________________-
✅ Correct Answer: (D)
partial underwriting
Financial Accounting MCQs and Notes
Q. A Limited Liability Partnership has ________
✅ Correct Answer: (B)
perpetual succession
Q. On Amalgamation, Profit & Loss A/c (Dr.) balance of the vendor company is closed by___________
✅ Correct Answer: (C)
debit to equity shareholders a/c
Q. The depreciation of Fixed Assets is converted at rate________________
✅ Correct Answer: (A)
date of purchase
Q. If the whole of the issue of shares or debentures is underwritten it is known as_______________________
✅ Correct Answer: (D)
complete or fully underwriting
Q. Accrued Holiday remuneration becoming payable to any workman is treated as ________________________
✅ Correct Answer: (B)
over-riding preferential creditors
Q. LLP can be dissolved by the order of____________
✅ Correct Answer: (C)
nclt
Q. According to AS 14, Transferor company means the company__________
✅ Correct Answer: (A)
which is amalgamated into another company
Q. The Balance in receivable as on the date of Balance sheet is converted at rate______________
✅ Correct Answer: (A)
on the date of balance sheet
Q. M LTD. Issued share at a face value of Rs. 100 with a premium of Rs.20 per share. The underwrting commission will be calculated on __________
✅ Correct Answer: (A)
rs.120