Corporate Accounting
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Corporate Accounting
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25 Questions

1. ….. lease is a lease that transfers substantially all the risks and rewards incidental o ownership of assets
2. In internal reconstruction, amount sacrificed by shareholders are credited to……..
3. IRDA Act came into effect in
4. The principle of subrogation is applicable to……………
5. The agreement of insurance is called as ………..
6. In …………., the insurer agrees to pay a certain sum of money to the policyholder either on his death or a certain age, which ever is less.
7. Own debenture account will appear on the …… side of B/S
8. SLR stands for ……………
9. ………is a form of agreement between two parties in which one party agrees to make good for loss of another.
10. Grants related to depreciable assets should be recognised as……., in the period in which their depreciation is charged
11. LIC was nationalized in …………..
12. The pre- acquisition loss of subsidiary should be deducted from …….. while calculating net assets
13. No company limited by shares shall issue any preference share which is redeemable after the expiry of …….. years from the date of issue.
14. "The amount given to the policyholder due to his inability of paying further premium is called ………….."
15. The consideration in insurance for covering the risk is called ………….
16. …………… preference shares can be redeemed
17. In case of buyback of shares by a listed company, the letter of offer to the shareholders shall be dispatched not earlier than –
18. In case of consolidation of share capital, the total number of shares ………….
19. …………… preference shares can be redeemed
20. When the directors refund the fees already received by them,……. a/c is credited.
21. Capital redemption reserve is created….
22. Debentures can be redeemed out of ……….
23. In internal reconstruction, the existing company will be ……….
24. When company converts its equity shares into capital stock, the account to be credited is …
25. The P&L A/c of Banking Companies are prepared as per …………. of Banking Regulation Act.

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