Corporate Accounting MCQs
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Q 761. When two or more companies carrying on similar business decide to combine, a new company is formed, it is known as…………………………
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Q 762. If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt .............. accounting policies.
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Q 763. Hitesh Ltd.’s purchase consideration is Rs.12,345 and Net Assets Rs.3,568, then...........
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Q 764. Which of the following statement is correct?
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Q 765. The assets that can be easily converted into cash within a short period (i.e., 1 year or less is known as,
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Q 766. Which of these best explains fixed assets?
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Q 767. The long term assets that have no physical existence but, possess a value is known as,
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Q 768. The process of recording financial data up to trial balance is
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Q 769. International Public Sector Accounting Standards were issued by
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