MCQ for CA Intermediate Adv. Accounts - Chapter 7 - LIQUIDATION OF COMPANIES

Sample Multiple Choice Questions (MCQ's) for CA Intermediate - Paper 5 - ADVANCED ACCOUNTING - Chapter 7: LIQUIDATION OF COMPANIES - For Practice relevant for May/November 23 Examinations

 

Q1.  Liability of B List Contributories will crystallize only when

  1. Existing assets available with the liquidator are not sufficient to cover the liabilities.
  2. Existing shareholders fail to pay the amount due on the shares to the Liquidator.
  3. both (a) and (b).

Answer: 3

Q2.  If Shares having Face Value ₹ 100 were paid up ₹ 70, the B List Contributory can be called up to pay 

  1. Maximum of ₹ 30 only
  2. Maximum of ₹ 70 only
  3. Maximum of ₹ 100 only

Answer: 1

Q3.  In case of winding up of company by Tribunal, which statement is prepared to be presented to the Tribunal?

  1. Statement of affairs.
  2. Statement of assets and liabilities
  3. Statement of deficiency.

Answer: 1

Q4.  Which of the following will be treated as preferential creditors?

  1. Govt. taxes.
  2. Trade Creditors.
  3. Unsecured loans.

Answer: 1

 

CA Intermediate ADV. ACCOUNTS - MCQ for Chapter 8 -   

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