Name: Samiksha- shakya

B.com (Honours) Sec-b

Roll no- 130
Unit – 1
Accounting for share capital and debenture
Multiple Choice Question :
1. The formula for calculating the goodwill by
capitalization of super profit:-
(a) Average profit *100/normal rate of return
(b) Super profit*rate of return/100
(c) Super profit*100/rate of return
(d) None of the above
Ans. (C) super profit*100/rate of return

2. How much time interval should be there between

the making of two calls:-
(a) 5 months
(b) 2 months
(c) 3 months
(d) 1 month
Ans. (d) 1 month
Unit – 2
 Amalgation of companies
Multiple Choice Question:-
1. Accounting standard for amalgation is :-
(a) As-3
(b) As-12
(c) As-14
(d) None of the above
Ans. (c) As-14
2. which is not the method for calculating the amount
of purchase consideration :
(a) net payment method
(b) net asset method
(c) gross receipt method
(d) share exchange method
Ans. (c) gross receipt method

Unit-3
Accounts of holding companies/parent
Company
Multiple Choice Question
1. minority interest includes:-
(a) Share in share capital
(b) Share in capital profit
(c) Share in revenue profit
(d) all of the above
Ans. (d) all of the above
2. If paid up value of the shares is more than the cost of
investment it will treated as
(a) Goodwill
(b) Capital reserve
(c) Minority interest
(d) None of the above
Ans. (b) capital reserve
Unit-5
Cash flow statement
1. cash and cash equivalent include :
(a) cash in hand
(b) cash at bank
(c) cheques and draft on hand
(d) all of the above
Ans. (d) all of the above
2. cash flow from operating activities does not
include:
(a) cash received from debtors
(b) cash purchases
(c) dividend received on shares
(d) payment of income tax
Ans. (c) dividend received on shares