Share Call Account is _______________
A. Real A/c  
B. Personal A/c
C. Nominal A/c
D. Fictitious A/c

1 Answer

Answer :

B. Personal A/c

Related questions

Description : Share Allotment 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 : 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 : Share allotment account is a ------------------. A. personal account B. Real account C. Nominal account D. Impersonal accoun

Last Answer : A. personal account

Description : The rule debit all expenses and losses and credit all income and gains relates to A] Personal account B] Real account C] Nominal accounts D] All

Last Answer : C] Nominal accounts

Description : Debit the receiver & credit the giver is _____ account a) Personal b) Real c) Nominal d) All the above

Last Answer : a) Personal

Description : Which of the following is wrong? (a) All real and personal accounts are transferred to balance sheet (b) Nominal accounts are transferred to P &L account (c) Each account is opened separately in ledger (d) Rent is a personal account, outstanding rent is nominal account

Last Answer : d) Rent is a personal account, outstanding rent is nominal accoun

Description : The principle ―Debit the receiver and credit the giver‖ is related to_____ a) Personal a/c b) Real a/c c) Nominal a/c d) None

Last Answer : a) Personal a/c

Description : Cash A/c is a ________ A/c. a) Personal b) Real c) Nominal d) None

Last Answer : b) Real

Description : Capital A/c is a _______ A/c. a) Personal b) Real c) Nominal d) None

Last Answer : a) Personal

Description : Cash a/c is a ______ a) Real a/c b) Nominal c) Personal d) None

Last Answer : a) Real a/c

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 : When shares issued at premium which of the following account is credited? A. Share premium account B. Share first call account C. Share allotment account D. Share forfeited account

Last Answer : A. Share premium account

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 : Under purchase method the difference between the purchase consideration and share capital of the transferee company should be adjusted to: A. General reserve B. Amalgamation adjustment account C. Goodwill or capital reserve D. None of the above

Last Answer : C. Goodwill or capital reserve

Description : Under pooling of interest method the difference between the purchase consideration and share capital of the transferee company should be adjusted to: A. General reserve B. Amalgamation adjustment account C. Goodwill or capital reserve D. None of the above

Last Answer : A. General reserve

Description : The original amount of preference share capital should be transferred to ............ account in the time of amalgamation in the books of vendor co. (A) Preference shareholders Account (B) Capital Reserve Account (C) Equity share capital Account (D) Equity share capital Account

Last Answer : (A) Preference shareholders Account

Description : Which of the following is not a Real Account? a) Cash A/c b) Investments A/c c) Out standing rent A/c d) Purchases A/c

Last Answer : c) Out standing rent A/c

Description : Gross assets are Rs.1,01,000, fictitious assets Rs.350 are included in the gross assets. External liabilities are Rs.7,500. 6% prefer share capital is Rs.45,000. Equity capital is 4,500 equity shares of Rs.10 each fully ... . The Net Asset Value Per share is A Rs.11 B Rs.10.70 C Rs.15 D Rs.20

Last Answer : Rs.10.70

Description : Equity includes -------------- a) Equity share capital b) Equity share capital+Preference share capital+-fictitious asset c) Equity capital+Prefernce share capital+reserves snd surplus-fictious asset d) Equity capital+Preference share capital

Last Answer : c) Equity capital+Prefernce share capital+reserves snd surplus-fictious asset

Description : On the admission of a partner, fictitious assets are– (A) Transferred to Revaluation Account (B) Transferred to Capital Account (C) Transferred to Reserves (D) Shown in the new Balance Sheet

Last Answer : Answer: Transferred to Revaluation Account

Description : Value of goods withdrawn by the proprietor for his personal use should be credited to ____ a) Capital A/c b) Sales A/c c) Drawings A/c d) Purchases A/c

Last Answer : d) Purchases A/c

Description : The first firm to mass-market a microcomputer as a personal computer was a. IBM b. Super UNIVAC c. Radio Shaks d. Data General Corporation

Last Answer : c. Radio Shaks

Description : Most of the inexpensive personal computer does not have any disk or diskette drive. What is the name of such computes? a. Home computers b. Diskless computers c. Dedicated computer d. General computer

Last Answer : a. Home computers

Description : Multi user systems provided cost savings for small business because they use a single processing unit to link several a. Personal computers b. Workstations c. Dumb terminals d. Mainframes

Last Answer : c. Dumb terminals

Description : A typical personal computer used for business purposes would have… of RAM. a. 4 KB b. 16 K c. 64 K d. 256 K

Last Answer : d. 256 K

Description : The use of spooler programs and/or …. Hardware allows personal computer operators to do the processing work at the same time a printing operation is in progress a. Registered mails b. Memory c. CPU d. Buffer

Last Answer : d. Buffer

Description : The personal computer industry was started by a. IBM b. Apple c. Compaq d. HCL

Last Answer : a. IBM

Description : The system unit of a personal computer typically contains all of the following except: a. Microprocessor b. Disk controller c. Serial interface d. Modem

Last Answer : d. Modem

Description : Personal computers use a number of chips mounted on a main circuit board. What is the common name for such boards? a. Daughter board b. Motherboard c. Father board d. Breadboard

Last Answer : b. Motherboard

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 : Goods withdrawn by the proprietor for his personal use are A. Shown as a deduction from the purchases B. Shown as a deduction from the sales C. Treated as sales at cost price D. Added to the purchases

Last Answer : A. Shown as a deduction from the purchases

Description : Which one is not an element of internal environment? A. Marketing capabilities B. Operational Capabilities C. Money and capital market D. Personal Capabilities

Last Answer : C. Money and capital market

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 : Unpaid calls are shown in the balance sheet of a company A. By adding it to the share capital B. By deducting it from the called-up share capital C. Under the head 'current assets' D. Under the head 'curent liabilities'

Last Answer : B. By deducting it from the called-up share capital

Description : Bonus shares can be issued by a company A. Out of the Reserves created by revaluation of fixed assets B. Out of share premium not collected in cash C. Without any provision for it in the Articles of Association of the company D. Out of free reserves built out of genuine profit

Last Answer : D. Out of free reserves built out of genuine profit

Description : Which one of the following is an example of sources of funds? A. Decrease in share capital B. Increase in long-term liabilities C. Decrease in long-term liabilities D. Increase in fixed assets

Last Answer : B. Increase in long-term liabilities

Description : The profit on the reissue of forfeited share are transferred to A. Capital A/ c B. Capital Reserve C. Profit & Loss A/c D. General Issues

Last Answer : B. Capital Reserve

Description : Suppliers and creditors of a firm are interested in A. Profitability position B. Liquidity position C. Market share position D. Debt position

Last Answer : B. Liquidity position

Description : Assertion (A) :The liability of share holders in a private limited company is limited to the amount. Reason (R) :The number of share holders of a private limited company is limited to fifty. A. Both A and R are ... correct explanation of A C. A is true but R is false D. A is false but R is true

Last Answer : D. A is false but R is true

Description : Share holder are____________ A. Creditor Of Company B. Debtor of Company C. Owner of Company D. Members of Company

Last Answer : C. Owner of Company

Description : 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

Last Answer : D. On Paid up Share Capital

Description : Corporate dividend tax is _______ A. Computed on Net profit B. Computed on Share Capital C. Computed on Goss Profit D. Computed on Dividend paid

Last Answer : D. Computed on Dividend paid

Description : Which can be a method of privatisation ? i. Disinvestment ii. Denationalisation iii. Purchasing Share iv. Takeover v. Merger

Last Answer : i. Disinvestment

Description : Privatisation of ownership through sale of equity share is called A. Denationalisation B. Disinvestment C. Contracting D. None of these

Last Answer : B. Disinvestment

Description : What are the decisions taken by government of India pertaining to Industrial Sector in the new industrial policy of 1991? A. VRS to shed the excess load of workers B. Disinvestment of public sector share holding C. Referring sick units to BIFR D. All of the above

Last Answer : D. All of the above

Description : If the intrinsic values of shares exchanged are not equal, the difference is paid in ........... (A)Cash (B)Debenture (C)Pref. share (D)Assets

Last Answer : (A)Cash

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 : Cash discount allowed to a debtor should be credited to a) Discount account b)Customer’s account c) Sales account d) Cash account

Last Answer : b)Customer’s account

Description : Rent paid to landlord should be credited to a) Landlords account b) Rent account c)Cash account d) Expense account

Last Answer : c)Cash account

Description : Sales made to Mahesh for cash should be debited to________________ a) Cash account b) Mahesh Account c) Sales account d) Purchase account

Last Answer : a) Cash account