Description : Which is the form of dividend? A. Cash dividend B. Bond dividend C. Stock dividend D. All of these
Last Answer : D. All of these
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 : The return on investment (ROI) may be calculated as A. Net profit before interest, tax and dividend / Capital employed B. Net profit after interest, tax and dividend / Shareholder's fund C. ( Net profit - preference dividend )/ No. of equity shares D. Return on Investment / Net profit ratio
Last Answer : A. Net profit before interest, tax and dividend / Capital employed
Description : A company pays dividend at the A. End of the week B. End of the financial year C. End of the month D. All of the above
Last Answer : B. End of the financial year
Description : The dividend on equity shares is only paid when dividend on ------- has already been paid. A. Debenture B. Preference Shares C. Bond D. Equity Shares
Last Answer : B. Preference Shares
Description : Which is the type of dividend? A. Cash Dividend B. Interest C. Profit cum-reserve D. Flexible Capital
Last Answer : A. Cash Dividend
Description : Dividend Policy must be A. Flexible B. Flexible and Fixed both C. Fixed D. All of the above
Last Answer : A. Flexible
Description : Dividend policy of a company mainly concern with (i) dividend payout and (ii) Stability of dividend A. Only (i) is correct B. Only (ii) is correct C. Both (i) and (ii) are correct. D. Both (i) and (ii) are incorrect.
Last Answer : C. Both (i) and (ii) are correct.
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 : 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 on issue of shares can be used for -----------. A. distribution of dividend B. writing of f capital losses C. transferring to general reserve D. paying fees to directors
Last Answer : B. writing of
Description : Holders of preference shares will have a right to vote if the dividend remains in arrears for a period not lessthan A. 2 year B. 3 years C. 6 years D. none of these
Last Answer : 2
Description : Valuation of stock in accounting follows the principle of cost price or ____ which ever is lower. a) Market Price b) Average Price c) Net realizable Value d) None of these.
Last Answer : c) Net realizable Value
Description : Which accounting concept specifies thepractice of crediting closing stock to the trading account? a) Cost b) Realisation c) Going concern d)Matching
Last Answer : d)Matching
Description : Which of the following is not included in the assumption on which Myron Gorden proposed a model on Stock valuation A. Retained earning the only source of financing B. Finite Life of the firm C. Taxes do not exist D. Constant rate of return on firms investment.
Last Answer : B. Finite Life of the firm
Description : Closing stock is valued at A. Cost B. Market value C. Cost or market price whichever is lower D. None of the above
Last Answer : C. Cost or market price whichever is lower
Description : Stock is A. Included in the category of fixed assets B. Part of current assets C. Intangible D. Tangible
Last Answer : B. Part of current assets
Description : Consumers have the rights (i) to be protected against goods and services that are hazardous to life and property. (il) to assure wherever possible access to a variety of goods; and services at national prices. A. Both (i) ... (i) and (il) are wrong C. Only (i) is correct. D. Only (ii) is correct.
Last Answer : A. Both (i) and (il) are correct.
Description : Consumers have the rights (i) to be protected against goods and services that are hazardous to life and property (ii) to assure wherever possible access to a variety of goods and services at national prices. A. Both (i) ... (i) and (ii) are wrong. C. Only (i) is correct D. Only (ii) is correct.
Last Answer : A. Both (i) and (ii) are correct.
Description : Which of the following will give your company an AAA bond rating: a. Have contribution margins higher than 30%. b. Have absolutely no debt. c. Retire all of the current outstand stock. d. Pay a dividend that is less than EPS. e. Retire bonds before they are due.
Last Answer : b. Have absolutely no debt.
Description : Stock price is a function of: a. Book value, Earnings per Share, and Net Profit. b. Book value, Dividend, and Retained Earnings. c. Earnings per Share, Dividend, and Retained Earnings. d. Earnings per Share, Dividend, and Net Profit. e. Book value, Earnings per Share, and Dividend.
Last Answer : e. Book value, Earnings per Share, and Dividend.
Description : Which of the following factor is not considered while selecting accounting policies? a) Prudence b) Substance over form c) Accountancy d) Materiality
Last Answer : c) Accountancy
Description : Serial access memories are useful in applications where a. Data consists of numbers b. Short access time is required c. Each stored word is processed differently d. Data naturally needs to flow in and out in a serial form
Last Answer : d. Data naturally needs to flow in and out in a serial form
Description : Which is an item of storage medium in the form of circular plate? a. Disk b. CPU c. Printer d. ALU
Last Answer : a. Disk
Last Answer : d. ALU
Description : A disk storage medium in the form of an assembly containing a single rigid magnetic disk permanently is a. Fixed disk b. Disk cartridge c. Card punch d. Card reader
Last Answer : b. Disk cartridge
Description : Which of the following is form of semi conductor memory in which it is possible to change the contents of selected memory locations by applying suitable electrical signals? a. CAM b. ROM c. EPROM d. Abacus
Last Answer : c. EPROM
Description : In analog computer a. Input is first converted to digital form b. Input is never converted to digital form c. Output is displayed in digital form d. All of above
Last Answer : b. Input is never converted to digital form
Description : Merger of two or more companies or business undertaking to form new company mean A. Reconstruction B. Amalgamation C. Absorption D. Commandment of Company
Last Answer : B. Amalgamation
Description : What is the full form of IRDA? A. Industrial Regulation & Development Authority B. Insurance Regulatory & Development Authority C. Indian Regulation Development Authority D. none of these
Last Answer : B. Insurance Regulatory & Development Authority
Description : What is the full form of SWOT ? A. Strengths, Weaknesses, Opportunities and Threats B. Software Warehousing of Threats C. single optimism technique D. none of these
Last Answer : A. Strengths, Weaknesses, Opportunities and Threats
Description : If amalgamation is in the ..............., the General Reserve or Profit and Loss A/c balance will not be shown in the balance sheet. (A)Form of Merger (B)Form of purchase (C)Net assets method (D)Consideration method
Last Answer : (B)Form of purchase
Description : ……………. are not machine instructions and therefore, Java interpreter generates machine code that can be directly executed by the machine that is running the Java program. A) Compiled Instructions B) Compiled code C) byte code D) Java mid code
Last Answer : C) byte code
Description : DBMS is a collection of ………….. that enables user to create and maintain a database. A) Keys B) Translators C) Program D) Language Activity
Last Answer : C) Program
Description : Financial accounting is concerned with – a) Recording of business expenses and revenue b) Recording of costs of products and services c) Recording of day to day business transactions d) None of the above
Last Answer : c) Recording of day to day business transactions
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
Description : Double entry system is used in which type of accounting a) Cost b)Financial c) Management d) All
Last Answer : b)Financial
Description : Matching concept means A] Assets = capital + liabilities B] Transactions recorded at accrual concept C] Anticipate no profit but recognize all losses D] Expenses should be matched with the revenue of the period.
Last Answer : D] Expenses should be matched with the revenue of the period.
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 : An asset was purchased for Rs.1000000 with the down payment of Rs.200000 and bills accepted for Rs.800000/-What would be the effect on the total asset and total liabilities in the ... and liabilities increased by Rs.800000 D] Assets increased by Rs.800000 and liabilities increased by Rs.800000
Last Answer : D] Assets increased by Rs.800000 and liabilities increased by Rs.800000
Description : Which of the following is not the main objective of accounting? A] Systematic recording of transactions B] Ascertaining profit or loss C] Ascertainment of financial position D] Solving tax disputes with tax authorities
Last Answer : D] Solving tax disputes with tax authorities
Description : Profit and loss is calculated at the stage of A] Recording B] Posting C] Classifying D] Summarising
Last Answer : D] Summarising
Description : The comparison of financial statement of one year with that of another is possible only when ----------------concept is followed A] Going concern B] Accrual C] Consistency D] Materiality
Last Answer : C] Consistency
Description : Historical cost concept requires the valuation of an asset at A] Original cost B] Replacement value C] Net realizable value D] Market value
Last Answer : A] Original cost
Description : For every debit there will be an equal creditaccording to A] Matching concept B] cost concept C] Money measurement concept D] Dual aspect concept
Last Answer : D] Dual aspect concept
Description : A trader calculated his profit as Rs.150000 on 31/03/2014. It is an A] Transaction B] Event C] Transaction as well as event D] Neither transaction nor event
Last Answer : B] Event
Description : Mr. X is a dealer in electronic goods (refrigerator, washing machine, air conditioners, televisions, etc.) He purchased two air conditioners and installed in his showroom. In the books of X the ... will be debited to A] Drawing account B] Capital Account C] Fixedassets D] Purchases account
Last Answer : C] Fixedassets