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Corporate Accounting Online Test Out of Our Whole Corporate Accounting eBook



One of the great benefit of test is to evaluate where we are at the level of knowledge. I can say myself with ego that I know everything. You may also also same but when we have to give test, it will clear how much water and how much is pure milk in our brain.

Second of great benefit of test that it motivate us to do sacrifice, to determined when we face failure. We start hard work and leave laziness. We will encourage to do hard work upto the level we die with tired. That will be real sleep. Test will fire which will shine your body like iron and you can achieve what you want. So, come to give our online Test of corporate accounting which we are taking from our corporate accounting ebook. If you have bought, this ebook, then please send your answers at our email vinod@svtuition.org . I will check and reply.

Q : 1. A company is 

a ) the partnership with unlimited liabilities of partners
b) the association of persons which have its separate legal entity and have limited liability of partner.
c) the partnership of persons with no right to legal sue on its name.
d) the organization which have no separate property.

Q : 2. Issue of shares on premium means

a) company want to sell its share on face value + extra profit on each sale of share.
b)  company want to sell its share on face value
c)  company want to sell its share on face value - discount on each sale of share.
d)  company want to buy its share on face value + extra profit on each bought of share.

Q : 3. How can we adjust application money with allotment money 

by using following formula

a)  {  Total allotment money  /  Total not receive allotment money } X Total adjustment of application money

b)  {Total not receive allotment money /  Total adjustment of application money   } X Total allotment money

c)  {Total not receive allotment money /  Total allotment money } X Total adjustment of application money

d)  { Total adjustment of application money /  Total allotment money } X  Total not receive allotment money

Q : 4. Redeemable preference shares are 

a) shares which will give you right shares after sometime.
b) shares which will give you more bonus shares after sometime.
c) shares which will become scrap after some time.
d ) shares which Company will buy  same shares  after some time.

Q : 5. Debenture is 

a) a long term loan
b) a short term loan
c) a bank overdraft
d ) a bank Fixed Deposit

Q : 6. Why is marked application system used? 

a) Because finding a specific underwriter's sale of company's shares.
b) because  It will increase the sale of company shares
c) increasing the price of shares
d) Because it will help to find new shareholders.

Q: 7.  Can Sinking Fund use for issuing bonus shares

a) Yes
b) No
c) Yes, only for 2 years old shareholders
d) Yes, only for 5 years old shareholders

Q: 8. Profit and loss appropriation account is made for 

a) Company
b) Partnership firm
c) Individual business
d) Not-for profit organization

Q: 9. Contingent liabilities are the liabilities which shows in company's

a) balance sheet's foot note instead of it
b) Balance sheet
c) Income statement
d) Trading account

Q : 10. At the liquidation of company which statements will make

a) Statement of affairs and deficiency account
b) Only Statement of affairs
c) Only deficiency account
d) Non of above



If you want to clear this test, you need to get our Corporate Accounting eBook or Enroll Our Online Accounting Course.

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Accounting Education: Corporate Accounting Online Test Out of Our Whole Corporate Accounting eBook
Corporate Accounting Online Test Out of Our Whole Corporate Accounting eBook
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