S.Y.B.Com  Sem IV  Test - I Corporate Accounting        May 2021
Sant Muktabai Arts & Commerce College  Muktainagar Dist- Jalgaon
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Name of Student *
Class *
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1.If Shares are bought back out of free reserve then a sum equal to nominal value of the shares so bought back is transferred to *
2 points
2. Maximum buyback limit in any year is ---------of total paid-up equity capital and free reserve. *
2 points
3. The form of balance sheet as per companies act 2013 is -------- *
2 points
4. Company act 2013 is an amendment to the companies act ----------- *
2 points
5. Which of the following statement is false *
2 points
6. Which of the following is not the method of valuation of goodwill? *
2 points
7. Super profit mean *
2 points
8. Final account consists of trading account profit and loss account and------------- *
2 points
9. Sundry creditor each a --------type of liability *
2 points
10. Under profit prior to incorporation gross profit is allocated based on ------------ratio *
2 points
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