Corporate Accounting
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Corporate Accounting
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25 Questions

1. Provision created for substandard asset is ……..
2. IRDA Act came into effect in
3. Which of the following does not include under the head other assets
4. Dividend in the form of shares is called ………..
5. Discount or loss on issue of debenture is shown in the balance sheet under the head ……..
6. Ind AS ……. Deals with share based payments
7. All the …… profits are not available for the purpose of redemption of preference shares
8. Under Double account system, the balance sheet is prepared in ……parts
9. The accounting concept that is principally used to classify leases into operating and finance is…….
10. Valuation balance sheet is prepared by ……………business.
11. Preference shares can be redeemed by………….
12. Capital redemption reserve is created….
13. The buy back of shares may be done
14. The consideration in insurance for covering the risk is called ………….
15. Share application account is a ………..
16. Grants related to depreciable assets should be recognised as……., in the period in which their depreciation is charged
17. Profit not available for dividend includes
18. Transfer to capital redemption reserve can be made from ____.
19. …….. deals with separate financial statements.
20. The net profit available for dividend distribution is called …………
21. No journal entry is required for the cancellation of ………. Share capital
22. The dividend recommended by the Board of Directors is called………
23. Unclaimed dividend is shown in the balance sheet under the head ……..
24. In the case of railway companies rent on leased lines is shown on
25. Profit available for dividend distribution is called ………….

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