Question

Choose the correct answer. Each question carries 1 mark. 1x10 = (10 Marks)

1. A Company establishing control over the other company is known as _________ Company.

2. The shares can be issued:

A. At face value B. At premium C. All of these.

3.Redemption of preference shares of a company within 20years from the date of issue is:

A. Compulsory B. Optional C. None of these

4. The debentures can be issued:

A. On face value B. On discount C. On premium D. All of these.

5.Preliminary expenses are shown in the balance sheet under the head:

A. Reserve & surplus

B. Investments

C. Loan and advances

D. Miscellaneous expenditure.

6. Goodwill is:

A. Tangible asset B. Intangible asset C. Fictitious asset.

7. The methods of valuation of shares are:

A. 3

B. 4

C. 5

D. 6.

8. The main object of amalgamation is:

A. To minimize the expenses

B. To stop competition

C. To facilitate distribution

D. All of these.

9. A new company pays for the purchases consideration as under:

A. In cash

B. Through bank

C. By shares

D. None of these.

10. Reconstruction of a company means:

A. Reconstruction of company

B. Internal changes of the company

C. External changes of the company

D. External and internal changes of company.​

Answer 1

Answer:

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