Q. In the case of members voluntary winding up liquidator is appointed by _____________
✅ Correct Answer: (C)
the company in general meeting
Financial Accounting MCQs and Notes
Q. Changes in the rate of Preference dividend payable in future without any change in the amount of capital is known as ___
✅ Correct Answer: (B)
variation of shareholders rights
Q. A feature which is common in all cases or merger__________________-
✅ Correct Answer: (D)
purchase of one comapany by another company
Q. The Buy Back of equity shares is governed by________________ of Companies Act
✅ Correct Answer: (A)
section 117 c
Q. 1. The underwriting commission in the case of debentures as per Companies Act, should not exceed_________
✅ Correct Answer: (A)
2.5% of the price at which debenture are issued
Q. Accounting Standard 11 (AS 11) is prescribed by the…
✅ Correct Answer: (C)
institute of chartered accountants of india
Q. Foreign Debtors appear at the year end on...
✅ Correct Answer: (A)
the balance sheet rate of exchange
Q. The Liability of the members of a limited company is…
✅ Correct Answer: (D)
limited
Q. ABC & Co. takes over the running business of PQR & Co. This is known as…
✅ Correct Answer: (B)
absorption
Q. Purchase consideration can be calculated by…
✅ Correct Answer: (C)
net assets method