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Financial Accounts MCQs: 40 Questions & Answers in Faculty

40 Financial Accounts MCQs in Faculty with answers & explanations. Practice objective questions for competitive exams, interviews & self-assessment — free on… Use the answer toggle below to show or hide all solutions, tap an option to check one question, or open a question for its own page.

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Financial Accounts MCQs: 40 Questions & Answers in Faculty

Preliminary Expenses are shown in

Interest accrued and not due on unsecured loan is shown under the head

Interest accrued and not due is shown under the head

Bank Over draft is shown under the head

Debenture discount is shown under the head

Unclaimed dividend is shown under the head

For preparing Final Accounts, Preliminary expense not written off is shown in

Forfeited Call on shares is shown in

Prepaid Income Tax is shown in

Bonus to existing shareholders is paid to them

company can issue bonus share out of source of

Under Section 80, Preference Shares are redeemed out of amount received from

Redeemable Preference Shares can not redeemed at

Minimum time period for two bonus issue must be

The premium paid on redeemption of Preference Shares is provided from

when company issues bonus share then its share price immediately

When shares are to be redeemed out of profits, a sum equal to nominal amount of shares redeemed is to be transferred to

A company can issue bonus share out of the following

The maximum rate of interest received by a company on Calls-in-arrears as per Table 'A' is

The maximum rate of interest paid by a company on Calls- in-advance as per Table 'A' is

Study tips for Financial Accounts