Description : fter getting minimum subscription of shares, the company has to allot shares with in--------- ------days. A. 90 B. 100 C. 110 D. 120
Last Answer : D. 120
Description : A company invited application for subscription of 5,000 shares. The application were received for 6,000 shares. The shares were allotted on pro-rata basis. If X has applied for 180 shares how many shares would be allotted to him ? (A) 180 shares (B) 200 shares (C) 150 shares (D) 175 shares
Last Answer : Answer: 150 shares
Description : As per SEBI Guideline minimum Application money shall not be less than A. 25% of Issue price B. 10% of Issue price C. 20% of Issue price D. 6% of Issue price
Last Answer : A. 25% of Issue price
Description : The minimum share Application money is -----------. A. 5% of the face value of shares B. 10% of the issue price of shares C. Re. 1 per share D. 15% of the face value of shares
Last Answer : A. 5% of the face value of shares
Description : Minimum number of members in case of public company is---------. A. 4 B. 5 C. 6 D. 7
Last Answer : D. 7
Description : Ordinary postage stamps, coins and other articles of valued found in letter boxes or on a counter the action taken by postmaster is a) When ordinary stamp are found in letter box will have been ... articles mentioned above the refund value should be submitted for order of HOD. e) All the above
Last Answer : e) All the above
Description : The shares received from the new company is recorded at (A) Face value (B) Market value (C) Average price (D) None of these
Last Answer : (B) Market value
Description : Shares received from the new company are recorded at - (A)Face value (B)Average price (C)Market value (D)None of the above
Last Answer : (C)Market value
Description : Mark the correct statement: a) A withdrawal in a PPF account can be refunded in not more than 36 monthly installments: b) Interest on withdrawal taken from a PPF account is one percent above ... 1st withdrawal with interest thereon d) The amount of withdrawals in a PPF Account is not repayable
Last Answer : d) The amount of withdrawals in a PPF Account is not repayable
Description : Mark the correct option a) When an official is transferred permanently to the jurisdiction of another office, the officer in charge of the office in which his bond is kept will forward the bond to ... or temporary officials will be entered in the prescribed register Form Sec. 19. d) All the above
Last Answer : d) All the above
Description : Which of the following is not a nominal Account? A] Outstanding salaries Account B] Salaries account C] Interest paid D] Commission received
Last Answer : A] Outstanding salaries Account
Description : Premium received on issue of shares cannot be utilised for ---------. A. for the issue of bonus shares B. for writing of preliminary expenses C. for providing premium payable on redemption D. for distribution of dividend
Last Answer : D. for distribution of dividend
Description : Premium received on issue of shares is shown on-----------. A. asset side of the balance sheet B. liability side of the balance sheet C. credit side of the P&L a/c. D. debit side of the P & L a/c
Last Answer : B. liability side of the balance sheet
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 : When the expenses of liquidation are to be borne by the vendor company, then the vendor company debits: A. Realisation account B. Bank account C. Goodwill account. D. Purchasing company account
Last Answer : A. Realisation account
Description : When the expenses of liquidation are to be borne by the purchasing company, then the purchasing company debits: A. Vendor company's account B. Bank account C. Goodwill account. D. Realisation A/c
Last Answer : C. Goodwill account.
Description : When liquidation expenses is paid and borne by seller company then it is debited to _______ (A) Bank A/c (B) Goodwill A/c (C) Realisation A/c (D) Capital Reserve A/c.
Last Answer : (C) Realisation A/c
Description : Small items like, pencils, pens, files, etc. are written off within a year according to _ concept. a) Materiality b) consistency c) Conservatism d) Realisation
Last Answer : a) Materiality
Description : The number of records contained within a block of data on magnetic tape is defined by the a. Block definition b. Record contain clause c. Blocking factor d. Record per block factor
Last Answer : c. Blocking factor
Description : A plastic card similar to a credit card but having some memory and a microprocessor embedded within it is a. Punched paper tape b. Chip card c. Card punch d. Magnetic tape
Last Answer : a. Punched paper tape
Description : A small or intelligent device is so called because it contains within it a a. Computer b. Microcomputer c. Programmable d. Sensor
Last Answer : d. Sensor
Description : Which of the following does not fall within the jurisdiction of MRTP commission? A. Prevention of Monopolistic Trade practices B. Prevention of Restrictive trade practices C. Prohibition of Unfair Trade Practices D. Regulation of Combinations
Last Answer : D. Regulation of Combinations
Description : Maximum number of members in public limited company is ---------------. A. 10 B. 20 C. 50 D. unlimited
Last Answer : D. unlimited
Description : Consistency with reference to application of accounting procedures means a) All companies in the same Industry should use identical accounting procedures b) Income & assets have not been overstated c ... uniform basis year after year d) Any accounting method can be followed as per convenience
Last Answer : c)Accounting methods & procedures shall be followed uniform basis year after year
Description : On a PC, how much memory is available to application software? a. 1024 KB b. 760 KB c. 640 KB d. 560 KB
Last Answer : c. 640 KB
Description : CAD stands for a. Computer aided design b. Computer algorithm for design c. Computer application in design d. All of the above
Last Answer : a. Computer aided design
Description : An application program that helps the user to change any number and immediately see the result of that change is a. Desktop publishing program b. Database c. Spreadsheet d. All of above
Last Answer : c. Spreadsheet
Description : programs designed to perform specific tasks is known as a. system software b. application software c. utility programs d. operating system
Last Answer : b. application software
Description : What is meant by a dedicated computer? a. Which is used by one person only b. Which is assigned one and only one task c. Which uses one kind of software d. Which is meant for application software
Last Answer : b. Which is assigned one and only one task
Description : IMB launched its first personal computer called IBM-PC in 1981. It had chips from Intel, disk drives from Tandon, operating system from Microsoft, the printer from Epson and the application software from ... country which contributed the video display? a. India b. China c. Germany d. Taiwan
Last Answer : d. Taiwan
Description : ALU is a. Arithmetic Logic Unit b. Array Logic Unit c. Application Logic Unit d. None of above
Last Answer : a. Arithmetic Logic Unit
Description : Share application Account is _______________ A. Real A/c B. Personal A/c C. Nominal A/c D. Fictitious A/c
Last Answer : B. Personal A/c
Description : 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
Last Answer : C. Decrease in net profit
Description : What's the largest tax refund you have received?
Last Answer : Well, when I was claiming four kids, and my gross income was right at that break off point of about $13,000, I got about $7,000 back.
Description : Ebay Gurus: If I ship something from the U.S. without insurance and the buyer says he never received it will eBay force me to refund?
Last Answer : Oh yeah. But it won’t be eBay who does the forcing. It will be the buyers credit card protection.
Description : How do I find out why I have not received my state tax refund.?
Last Answer : You need to contact your local economic office to inquire about any tax information.
Description : The accuracy of the floating-point numbers representable in two 16-bit words of a computer is approximately a. 16 digits b. 6 digits c. 9 digits d. All of above
Last Answer : d. All of above
Description : Current SIMMs have either … or … connectors (pins) a. 9 or 32 b. 30 or 70 c. 28 or 72 d. 30 or 72
Last Answer : d. 30 or 72
Description : What is the number of read-write heads in the drive for a 9-trac magnetic tape? a. 9 b. 16 c. 18 d. 27
Last Answer : a. 9
Description : Which American Computer Company is called big blue? a. Microsoft b. Compaq Corp c. IBM d. Tandy Sevenson
Last Answer : c. IBM
Description : Which company is the biggest player in the microprocessor industry? a. Motorola b. IBM c. Intel d. AMD
Last Answer : c. Inteld. AMD
Description : A newly established company cannot be successful in obtaining finance by way of A. issue of equity capital B. issue of preference share C. issue of debenture D. None of the above
Last Answer : C. issue of debenture
Description : The vendor company transfers preliminary expenses (at the time of absorption) to: A. Purchasing Company account B. Realisation account C. Purchasing company's account. D. Equity shareholders' account
Last Answer : D. Equity shareholders' account
Description : For paying liabilities not taken over by the purchasing company, the vendor company credits: A. Realisation account B. Bank account C. Liabilities account. D. purchasing company account
Last Answer : B. Bank account
Description : Liabilities (not accumulated profits) of a company include— A. General reserve B. Pension fund C. Dividend equalisation fund. D. Retain earning
Last Answer : B. Pension fund
Description : X Ltd. goes into liquidation and an existing company Z Ltd. purchases the business of X Ltd. It is a case of: A. Absorption B. External reconstruction C. Amalgamation. D. Liquidation
Last Answer : A. Absorption
Description : The share capital, to the extent already held by the purchasing company, is closed by the vendor company by crediting it to: A. Share capital account B. Purchasing company's account C. Realisation account. D. Business purchase account
Last Answer : C. Realisation account.
Description : When the purchasing company makes payment of the purchase consideration, it debits: A. Business purchase account B. Assets account C. Vendor company's account. D. Realisation A/c
Last Answer : C. Vendor company's account.
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