Corporate Accounting

M

Mr. Dubey • 51.17K Points
Coach

Q 41. Fictitious Assets shown on the Asset side of the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

(A) Project and loss account
(B) Income statement
(C) Balance sheet
(D) Revenue account.
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M

Mr. Dubey • 51.17K Points
Coach

Q 42. Fictitious assets are shown on the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐side of the balance sheet.

(A) Liability side
(B) Income
(C) Balance sheet
(D) Assets
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M

Mr. Dubey • 51.17K Points
Coach

Q 43. Calls in arrear is shown on the liability side of the balance sheet:‐

(A) Under the heading current liabilities
(B) Under the head current assets
(C) Under the head fixed assets
(D) By deducting the amount from the called up capital
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Mr. Dubey • 51.17K Points
Coach

Q 44. Assets in to Balance sheet of a limited company are arranged in order of :‐

(A) Liquidity
(B) Permanence
(C) Durability
(D) Turnover
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Mr. Dubey • 51.17K Points
Coach

Q 45. Dividend paid are subject to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ Tax @ 17% as per recent Finance Act

(A) Income Tax
(B) Gift Tax
(C) Corporate Dividend Tax
(D) None of these
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Mr. Dubey • 51.17K Points
Coach

Q 46. Dividend paid or declared are subject to corporate Dividend Tax @ 17% as per recent ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

(A) Finance Act
(B) Companies Act
(C) Partnership Act
(D) Insurance Act
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M

Mr. Dubey • 51.17K Points
Coach

Q 47. Dividend paid or declared are subject to corporate dividend Tax @ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ as per recent finance Act.

(A) 12.5%
(B) 17%
(C) 15%
(D) 10%
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Mr. Dubey • 51.17K Points
Coach

Q 48. Ordinarily ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ are available for the distribution of dividend.

(A) Revenue profits
(B) Capital profits
(C) Gross profit
(D) Trading profits
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M

Mr. Dubey • 51.17K Points
Coach

Q 49. Ordinarily ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ are not available for the distribution of dividend.

(A) Revenue profits
(B) Capital profits
(C) Gross profit
(D) Net profit
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M

Mr. Dubey • 51.17K Points
Coach

Q 50. Requirements given in part I of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ apply to Balance sheet

(A) Schedule I
(B) Schedule VI
(C) Schedule II
(D) Schedule V
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