Accounting MCQs

Match the items of the following two lists

List-I	List-II
a. Zero-base budgeting	1. Internal reconstruction
b. Goodwill or capital reserve	2. Earnings per share
c. Reduction of capital	3. Control of expenditure
d. Basic and diluted	4. Business combination

A company may adopt policy to ''window dressing'' by manipulating the data such as
1. inventory valuation
2. omission of liability for goods purchased
3. treating short-term liability as long term debt
4. recording in advance cash receipts applicable to next accounting period
Select the correct answer:

Arrange the following categories of share capital of a company in the correct order.
1. Paid-up capital
2. Issued capital
3. Called-up capital
4. Subscribed share capital

Dividend policy of a company mainly concerns with
1. Dividend payout
2. Stability of dividend
Select the correct answer:

Match List-I with List-II and choose the correct option:

List-I	List-II
a. Surrender Value	1. Stock
b. Share holder becoming insane	2. Insurance policy
c. Share warrant	3. Transfer of shares
d. Fully-paid shares	4. Negotiable Document

Arrange the following items in the order of their appearance in the preparation of financial statements.
1. Net profit
2. Gross profit
3. Cash at bank