Description : Contracts made after incorporation but before the grant of Certificate of commencement of Business _________ A. Provisional contracts B. Pre incorporation contracts C. Preliminary contracts D. Both (b) & (c)
Last Answer : A. Provisional contracts
Description : A public company can start its business operations after getting– (A) Certificate of Incorporation (B) Minimum Subscription (C) Certificate of Commencement of Business (D) Permission of the Controller of Capital Issue
Last Answer : Answer: Certificate of Commencement of Business
Description : A public company can start business– (A) After incorporation (B) After promotion (C) After registration (D) After getting certificate of commencement of business
Last Answer : Answer: After getting certificate of commencement of business
Description : A company limited by shares has to call the statutory meeting within a period of not less than one month and not more than six months. This period is counted with reference to which one of ... date of actual receipt of certificate of incorporation (D) The date of actual commencement of business
Last Answer : Answer: The date at which the company is entitled to commence business
Description : A company comes into existence when it gets 1. High court order 2. Central Government order 3. Certificate of Commencement 4. Certificate of incorporation 5. None of these
Last Answer : Certificate of incorporation
Description : The QRC shall have the following functions: a. Conduct quality control review on applicants for registration to practice public accountancy and render a report on such quality review. b. Mete out ... with the standards of quality prescribed for the practice of public accountancy. d. All of these
Last Answer : Conduct quality control review on applicants for registration to practice public accountancy and render a report on such quality review.
Description : A certificate under seal, bearing a registration number, issued to an individual, by the PRC, upon recommendation by the BOA, signifying that the individual has complied with all the ... accreditation b. Certificate of registration c. Certificate of quality review d. Certificate of identification
Last Answer : Certificate of registration
Description : Quorum should be present at the A. Commencement of meeting B. Middle of the meeting C. End of the meeting D. Any time during meeting.
Last Answer : D. Any time during meeting.
Description : In case of public limited company, after getting the-----------the company can start the business A. Memorandum of Association B. Table A C. Certificate of commencement of business D. Articles of Association
Last Answer : C. Certificate of commencement of business
Description : Pre incorporation contract is also known as _________ A. Provisional B. Preliminary C. Illegal D. Legal
Last Answer : A. Provisional
Description : Which document is called as ‘Doctrine of Outdoor Management’? a. Memorandum of Association b. Article of Association c. Prospectus d. Certificate of Commencement.
Last Answer : a. Memorandum of Association
Description : Give the proforma of Certificate of Incorporation.
Last Answer : Give the proforma of Certificate of Incorporation.
Description : ROC allows 21 digit numbers at the time of issuing Certificate of Incorporation.
Last Answer : Write a word or a term or a phrase that can substitute each of the following statements. ... at the time of issuing Certificate of Incorporation.
Description : Certificate of Incorporation?
Last Answer : Certificate of Incorporation(Download)1. Name.The name of the Corporation (“Corporationâ€) is ___________________________.2. Principal Office and Registered Agent.The Corporations registered office in ... stock that the Corporation shall have authority to issue is ____________________, all of
Description : Certificate of Incorporation, Board Acceptance?
Last Answer : Certificate of Incorporation, Approval by Board(Download)This is the approval of the Certificate of Incorporation.Resolved that the Certificate of Incorporation of the Corporation, which has been ... help you complete the formalities required to set up your corporation properly. This documen
Description : In "auditing" accounting data, the auditor is concerned with a. Analyzing the financial information to be sure that it complied with government requirement. b. Determining if fraud has ... that occurred during the accounting period. d. Determining if taxable income has been calculated correctly
Last Answer : economic events that occurred during the accounting period.
Description : The risk that the audit will fail to uncover a material misstatement is eliminated a. When the auditor has complied with generally accepted auditing standards. b. If client has good internal control. c. If client follows generally accepted accounting principles. d. Under no circumstances
Last Answer : Under no circumstances
Description : The risk that the audit will fail to uncover a material misstatement is eliminated a. When the auditor has complied with generally accepted auditing standards. b. If a client has strong internal controls. c. If a client follows generally accepted accounting principles. d. Under no circumstances
Description : State the steps in Commencement of Business.
Last Answer : State the steps in Commencement of Business.
Description : X Ltd. goes into liquidation and a new company Z Ltd. is formed to take over the business of X Ltd. It is a case of: A. Absorption B. External reconstruction C. Amalgamation. D. commencement.
Last Answer : B. External reconstruction
Description : ______ is prepared for single level of activity and single set of business conditions. A. Fixed budget B. Flexible budget C. Both a and b D. None of the above
Last Answer : A. Fixed budget
Description : Marketers operate in which marketplaces: A. Consumer and business B. Global and non-profit C. a & b both D. None of the above
Last Answer : C. a & b both
Description : As per section 2(8), of the Sales of Goods Act, insolvent means a person A. Who has ceased to pay his debts in the ordinary course of business B. Or cannot pay his debts as they become due C. Both (a) and (b) D. None of above
Last Answer : C. Both (a) and (b)
Description : Are there any differences between business incorporation and formation?
Last Answer : Bussines corporation refers to a brand new structure that will be adopted when the business becomes a legal entity. They usually adopt the name Inc or limited. It is a legal separate entity on its ... to forming a business through the legal processes of registration, how taxes will be paid etc.
Description : Which of the following would not be found in the corporate charter? a. The date of incorporation. b. The rules and procedures adopted by the stockholders. c. The kinds and amount of capital stock authorized. d. The types of business activity that the corporation is allowed to conduct.
Last Answer : The rules and procedures adopted by the stockholders
Description : …………is application of knowledge which redefine the boundaries of global business A. Cultural Values B. Society C. Technology D. Economy
Last Answer : C. Technology
Description : What is the mainstay of Indian economy? A. Manufacturing B. Business C. Public sector D. Agriculture
Last Answer : D. Agriculture
Description : During the recessionary phase of a business cycle: A. The natural rate of unemployment will increase dramatically B. Potential national income will exceed actual national income C. Actual national income ... national income D. The real rate of interest will exceed the nominal rate of interest.
Last Answer : B. Potential national income will exceed actual national income
Last Answer : A. The natural rate of unemployment will increase dramatically
Description : Disguised unemployment means: A. Unemployment in agriculture B. Unemployment due to recession C. Unemployment due to downturn in business activity D. Marginal Productivity of Labor (MPL) is zero.
Last Answer : C. Unemployment due to downturn in business activity
Description : Natural rate of unemployment increases due to A. General downturn in business activity B. Changes in labor market C. Structural changes in economy D. Frequent changes of jobs by labor
Last Answer : D. Frequent changes of jobs by labor
Description : Unemployment that arises when there is a general downturn in business activity is known as: A. Frictional unemployment B. Structural unemployment C. Cyclical unemployment D. Disguised unemployment
Last Answer : C. Cyclical unemployment
Description : Interpretation of accounts is the A. Art and science of translating the figures B. To know financial strengths and weaknesses of a business C. To know the causes for the prevailing performance of business D. All of the above
Last Answer : D. All of the above
Description : Comparison of financial statements highlights the trend of the _________ of the business. A. Financial position B. Performance C. Profitability D. All of the above
Description : The basic function of management accounting is to: A. record all business transactions B. interpret the financial data C. assist the management in performing its functions effectively D. None of the above
Last Answer : C. assist the management in performing its functions effectively
Description : The prime function of accounting is to: A. record economic data B. provide the informational basis for action C. classify and record business transactions D. attain non-economic goals.
Last Answer : B. provide the informational basis for action
Description : Balance sheet indicates the financial status of the business ____. A. For a day B. For a month C. For a year D. At given period
Last Answer : D. At given period
Description : The corporate governance structure of a company reflects the individual companies’: A. Cultural and economic system. B. Legal and business system. C. Social and regulatory system. D. All of the above
Description : The goal of corporate governance and business ethics education is to: A. Teach students their professional accountability and to uphold their personal B. Integrity to society. C. Change ... standards by which corporate professionals must operate. E. Increase the workload for accounting students
Last Answer : C. Change the way in which ethics is taught to students.
Description : Which legislation relates to the concept of business ethics? A. Freedom of Information Act B. Building regulations C. Food Act D. All of these
Last Answer : A. Freedom of Information Act
Description : Which of the following is an example of an area where business ethics apply? A. Conduct of international operations B. Nowhere C. In the personal life of staff D. None of the above
Last Answer : A. Conduct of international operations
Description : What is Ethics to do with? A. Nothing B. The wider community C. Business D. Right and wrong E. None of the above
Last Answer : D. Right and wrong
Description : Business ethics deals primarily with A. Social responsibility. B. the pricing of products and services. C. moral obligation. D. being unfair to the competition
Last Answer : C. moral obligation.
Description : The corporate governance structure of a company reflects the individual companies’: A. Cultural and economic system. B. Legal and business system. C. Social and regulatory system. D. All of the above.
Last Answer : D. All of the abov
Description : The goal of corporate governance and business ethics education is to: A. Teach students their professional accountability and to uphold their personal Integrity to society. B. Change ... standards by which corporate professionals must operate. D. Increase the workload for accounting students.
Last Answer : C. Create more ethics standards by which corporate professionals must operate.
Description : The main purpose of business ethics is to understand A. Ethical uncertainties B. Principles and concepts C. Application of practices D. All of the above
Description : Buying goods and services for further processing or for use in the production process refer to which of the following markets? A Consumer markets B. Government markets C. Business markets D. International markets
Last Answer : C. Business markets
Description : A ______________ is a set of interdependent organizations involved in the process of making a product or service available for use of consumption by the consumer or business user. A. retailer B. wholesaler C. distribution channel D. middleman
Last Answer : C. distribution channel
Description : Using manufacturer’s representatives or sales branches is usually a characteristic of which of the following channel forms? A. business marketing channels B. customer marketing channels C. service marketing channels D. direct marketing channels
Last Answer : D. direct marketing channels
Description : The term "marketing mix" describes: A. A composite analysis of all environmental factors inside and outside the fir B. A series of business decisions that aid in selling a product ... strengths and its business weaknesses D. A blending of four strategic elements to satisfy specific target markets
Last Answer : D. A blending of four strategic elements to satisfy specific target markets