Corporate Accounting MCQ
Given below are Corporate Accounting MCQ with answers. These multiple choice questions are useful for BBA, B Com, MBA, MMS, M Com, BA, MA, and PGDM students. These corporate accounting mcq questions can also be used for UGC NET, SET, Ph D, UPSC, and MPSC competitive entrance exams.
Corporate Accounting MCQ
11) Which of following is not Current Asset?
A. Patent
B. Bills receivable
C. Cashable security
D. Prepaid Expenses
Option: A
12) Which of following is not Current Liability?
A. Bank overdraft
B. Bills Payable
C. Account Payable
D. Retain earning
Option: D
13) Working capital will increase
A. If Current Asset Decrease
B. If Current Liability Decrease
C. If Current LiabilityIncrease
D. If new shares are issued
Option: B
14) Following is the application of fund
A. Decrease in balance of Fixed Asset
B. Decrease in working capital
C. Decrease in net profit
D. Decrease in preliminary expenses
Option: C
15) Following is the Source of fund
A. Decrease in balance of Debenture
B. Decrease in Long term Liability
C. Increase in Long term loan
D. Redemption of Shares
Option: C
Also Read :-
16) Provision for Income Tax is _____
A. Debited to P & L Appropriation A/c
B. Debited to Profit and Loss A/c
C. Debited to Treading A/c
D. Credited to P & L Appropriation a/c
Option: B
17) Corporate dividend tax is _______
A. Computed on Net profit
B. Computed on Share Capital
C. Computed on Goss Profit
D. Computed on Dividend paid
Option: D
18) Dividend is paid on _______
A. On Issued Share Capital
B. On Subscribed Share Capital
C. On Called up Share Capital
D. On Paid up Share Capital
Option: D
19) Dividend policy of a company mainly concern with
(i) dividend payout and
(ii) Stability of dividend
A. Only (i) is correct
B. Only (ii) is correct
C. Both (i) and (ii) are correct.
D. Both (i) and (ii) are incorrect.
Option: C
20) Discounted cash flow criteria for investment appraisal does not include
A. Not present value
B. Benefit cost ratio
C. Accounting rate of return
D. Internal rate of return
Option: B
Also Read :-
