online exam in Company Accounts for preparation of professional exams of CA cpt, CA foundation, CS foundation, CMA foundation , And Also for B.com, M.com, MBA
Introduction to Company Accounts- Test 1
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Subject :Fundamentals of Accounting Questions: 30
Chapter: Introduction to Company Accounts -Test 1
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The part of share capital which can be called up only on the winding up of a company is called————
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Question 2 of 30
2. Question
1 points
The amount of capital that is mentioned in capital clause is known as ————
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Question 3 of 30
3. Question
1 points
“Proposed dividends” is shown in the balance sheet of a company under the head :
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Question 4 of 30
4. Question
1 points
Equity – Rs.90,000, Liability -Rs.60,000, profit of the year -Rs.20,000.Find total assets:
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Question 5 of 30
5. Question
1 points
A —— is an artificial person created by law with a perpetual succession and a common seal.
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Question 6 of 30
6. Question
1 points
Equity shareholders have a right to ———–
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Question 7 of 30
7. Question
1 points
Equity share holders are ———- of a company.
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Question 8 of 30
8. Question
1 points
The Reserve which is created for a particular purpose and which is a charge against revenue is called?
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Question 9 of 30
9. Question
1 points
Premium received on issue of shares are shown under the head ———- in Balance Sheet.
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Question 10 of 30
10. Question
1 points
Reserve capital means ————
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Question 11 of 30
11. Question
1 points
As per the companies Act only preference shares, which are redeemable within ———– can be issued.
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Question 12 of 30
12. Question
1 points
Balance amount in the share forfeiture would be shown in the balance sheet under the head of ———-
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Question 13 of 30
13. Question
1 points
As per the companies Act, a company cannot proceed to allot shares unless ———– is received.
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Question 14 of 30
14. Question
1 points
Capital reserve is created out of ———-
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Question 15 of 30
15. Question
1 points
“A” Limited provides you the following information
Equity Share Capital:Called up – Rs.4,00,000, Calls in advance-Rs.25,000, Calls in arrears-Rs.40,000.
The amount of paid up capital to be shown in the Balance sheet of “A” Limited will be ?
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Question 16 of 30
16. Question
1 points
Final accounts of a company are prepared according to ———–of companies Act, 2013
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Question 17 of 30
17. Question
1 points
A public company can have a minimum of ————- members.
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Question 18 of 30
18. Question
1 points
In a company’s balance sheet , unclaimed dividend should be shown under which of the following heads ———–
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Question 19 of 30
19. Question
1 points
Which of the following is not the feature of a company?
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Question 20 of 30
20. Question
1 points
Unless otherwise stated a preference share is always deemed to be ———-
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Question 21 of 30
21. Question
1 points
Which of the following is false for “Small company” as per companies Act 2013?
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Question 22 of 30
22. Question
1 points
Z Ltd. Whose financial statements comply with accounting standards, as prescribed under section 133 of companies Act, 2013, cannot apply the securities premium amount for the purpose of ——
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Question 23 of 30
23. Question
1 points
Financial statements as per section 2(40) of the companies Act 2013, inter-allia not includes:
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Question 24 of 30
24. Question
1 points
The maximum number of partner is mentioned in ———–
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Question 25 of 30
25. Question
1 points
Government companies means any company in which not less than ———- of the paid up capital is held by government.
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Question 26 of 30
26. Question
1 points
Which of the following is not a statutory company?
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Question 27 of 30
27. Question
1 points
Minimum share capital of public company is ————
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Question 28 of 30
28. Question
1 points
Securities premium account is shown in the balance sheet under ———
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Question 29 of 30
29. Question
1 points
Registered companies are formed under
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Question 30 of 30
30. Question
1 points
Which of the following is not an essential feature of a company ?