Corporate Accounting MCQs

M

Mr. Dubey • 51.47K Points
Coach

Q 31. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ declared between two annual general meeting is known as interim dividend

(A) Interest
(B) Dividend
(C) Final dividend
(D) Unclaimed dividend
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M

Mr. Dubey • 51.47K Points
Coach

Q 32. Dividend declared between two ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is known as interim dividend

(A) Annual general meeting
(B) Directors meeting
(C) Special meeting
(D) Board meeting
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M

Mr. Dubey • 51.47K Points
Coach

Q 33. The difference between ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ receivable and dividend received is debited to tax deducted at source.

(A) Gross dividend
(B) Net dividend
(C) Average dividend
(D) Final dividend
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M

Mr. Dubey • 51.47K Points
Coach

Q 34. The difference between Gross dividend receivable and dividend received is debited to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐

(A) Tax deducted at source
(B) Dividend deducted at source
(C) Interest deducted at source
(D) None of these.
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M

Mr. Dubey • 51.47K Points
Coach

Q 35. Uncliamed dividend is shown on the liability side of the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ under the heading current liabilities.

(A) Profit and loss account
(B) Income statement
(C) Revenue Account
(D) Balance sheet
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M

Mr. Dubey • 51.47K Points
Coach

Q 36. Unclaimed dividend is shown on the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the balance sheet

(A) Assets side
(B) Credit side
(C) Liability side
(D) Debit side
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M

Mr. Dubey • 51.47K Points
Coach

Q 37. Unclaimed dividend is shown on the liability side of the balance sheet under the heading:‐

(A) Reserves & Surpluses
(B) Current liabilities
(C) Provisions
(D) Unsecured Loans.
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M

Mr. Dubey • 51.47K Points
Coach

Q 38. Share forfeited Account is shown on the liabilities side of the balance sheet‐‐‐‐‐‐‐‐‐‐‐‐

(A) By adding to the paid up capital
(B) Under the head reserves and surpluses
(C) Under the head current liabilities
(D) Under the head current Assets
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M

Mr. Dubey • 51.47K Points
Coach

Q 39. Goodwill in case of a joint stock company is shown on the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ side under the heading of intangible assets

(A) Liability side
(B) Asset side
(C) Credit side
(D) Debit side
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M

Mr. Dubey • 51.47K Points
Coach

Q 40. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ in case of a joint stock company is shown on the Asset side under heading of intangible assets

(A) Goodwill
(B) Plant & machinery
(C) Land
(D) Building
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