CSS Economics Solved Mcqs

Q.  Finance is concerned with:

a. Arrangement of funds
b. Identification of sources of funds
c. Recording utilisation of funds
d. All of the above


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MCQs:  After debentures are redeemed, the balance in the sinking fund account is transferred to:
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MCQs:  To the extent redemption of preferece shares takes place out of profits, an equal amount has to be transferred to:
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MCQs:  When shares are forfeited, the share capital account is debited by:
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MCQs:  The profit on re-issuing forfeited shares is transferred to:
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MCQs:  The share application account is a:
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MCQs:  The excess of purchase price over net assets is:
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MCQs:  In the balance sheet of a company, the items goodwill, patents and trade marks are shown under the heading:
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MCQs:  A preliminary expense is a:
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MCQs:  Divisible profits do not include:
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MCQs:  Advance payment of tax should be shown on the:
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MCQs:  Dividends are usually paid on the:
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MCQs:  Which of the following is not concerned with the valuation of goodwill?
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MCQs:  When two or more companies dissolve to form a new company, the process is known as:
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MCQs:  Absorption is said to take place when:
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MCQs:  For calculating market value using P/E ratios, it is necessary to know:
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MCQs:  The relationship between normal rate of return and P/E ratio is:
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MCQs:  For a company to carry out capital reduction, permission is required from the:
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MCQs:  Any balance in the capital reduction account after writing off lost capital is tansferred to:
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MCQs:  In a scheme of reorganization, the amount of shares surrendered by shareholders is transferred to the:
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MCQs:  Amounts sacrificed by shareholders are credited to the:
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