Holding Company Account MCQ Quiz 1 Free

Holding Company Account MCQ Quiz

Holding Company Account MCQ Quiz

The Holding Company Account MCQ Quiz is based on various MCQ on Holding Company Account in various language with translate button.

This quiz consist 15 MCQ.  I hope, MCQ Quiz platform provides to you a knowledge regarding Holding Company Account and their some important terms with the helps following quiz.

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This Holding Company Account MCQ Quiz is based on following questions. 

1. At the time of …………………, inter company debts and acceptances are to be cancelled out.
A. Merger
B. Absorption.
C. Internal reconstruction.
D. Consolidation.

2. Inter- company dividends are ……………………..to the price of investment in the subsidiary company for calculating goodwill or capital reserve.
A. Added
B. Deducted
C. Remove
D. None of the above.

Holding Company Account MCQ Quiz 1 Free

3. Holdings of minority will …………………by the number of bonus shares received by them.
A. Increase
B. Decrease
C. Remain same
D. None of the above

4. Out of the unrealized profits, a holding company’s share is reduced from the stock and
A. Profit & Loss A/C
B. Goodwill.
C. Minority Interest
D. Capital A/C

Holding Company Account MCQ Quiz 1 Free

5. Investments made by an organization during a subsidiary are always to be shown in ……………….
A. Profit & Loss A/C
B. Consolidated record .
C. Minority Interest.
D. Dividend A/C

6. If AB Ltd buys quite 50% of the shares in CD Ltd then which of the following statements accurately summarizes the connection between these two firms?
A. AB Ltd could even be a subsidiary undertaking of CD Ltd
B. CD Ltd is that the parent undertaking
C. AB Ltd is that the parent undertaking
D. there’s no significant financial relationship between the 2

Holding Company Account MCQ Quiz 1 Free

7. On a consolidated record , if the shares of a corporation are bought for more than the record value then the difference would seem as:
A. Goodwill
B. Capital reserve
C. Loss on purchase
D. Profit on purchase

8. Pre-acquisition profit in subsidiary is taken into account as:
A. Revenue Profit
B. Capital Profit
C. Goodwill
D. None of the above

Holding Company Account MCQ Quiz 1 Free

9. Profit earned after acquisition of share is treated as:
A. Revenue Profit
B. Capital Profit
C. Goodwill
D. None of the above.

10. Profit earned before acquisition of share is treated as:
A. Revenue Profit
B. Capital Profit
C. Goodwill
D. Revaluation Profit

11. Preparation of consolidated statements as per AS 21 is :
A. Optional
B. Mandatory for All
C. Mandatory for listed companies.
D. Mandatory for PVT. companies.

12. Face value of debentures of subsidiary , held by holding co.is deducted from:
A. Debentures
B. Cost of Control
C. Minority Interest.
D. Goodwill.

Holding Company Account MCQ Quiz 1 Free

13. Minority Interest includes:
A. Share in share capital
B. Share in capital profit
C. Share in revenue profit
D. All of the above.

14. Preparation of Holding Companies Accounts Deals with :
A. AS-22
B. AS-21
C. AS-25
D. AS-12

15. The interval between the date of acquisition if shares in subsidiary company and date of record of company is understood as :
A. Pre-acquisition period
B. Post -acquisition period.
C. Pre- commencement period

Holding Company Account MCQ Quiz 1 Free

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Holding Company Account MCQ Quiz 1

Holding Company Account MCQ Quiz 1

The Holding Company Account MCQ Quiz consist 15 MCQ.

1 / 15

1. 15. The interval between the date of acquisition if shares in subsidiary company and date of record of company is understood as :

2 / 15

2. 14. Preparation of Holding Companies Accounts Deals with :

3 / 15

3. 13. Minority Interest includes:

4 / 15

4. 12. Face value of debentures of subsidiary , held by holding co.is deducted from:

5 / 15

5. 11. Preparation of consolidated statements as per AS 21 is :

6 / 15

6. 10. Profit earned before acquisition of share is treated as:

7 / 15

7. 9. Profit earned after acquisition of share is treated as:

8 / 15

8. 8. Pre-acquisition profit in subsidiary is taken into account as:

9 / 15

9. 7. On a consolidated record , if the shares of a corporation are bought for more than the record value then the difference would seem as:

10 / 15

10. 6. If AB Ltd buys quite 50% of the shares in CD Ltd then which of the following statements accurately summarizes the connection between these two firms?

11 / 15

11. 5. Investments made by an organization during a subsidiary are always to be shown in ……………….

12 / 15

12. 4. Out of the unrealized profits, a holding company’s share is reduced from the stock and

13 / 15

13. 3. Holdings of minority will …………………by the number of bonus shares received by them.

14 / 15

14. 2. Inter- company dividends are ……………………..to the price of investment in the subsidiary company for calculating goodwill or capital reserve.

15 / 15

15. 1. At the time of …………………, inter company debts and acceptances are to be cancelled out.

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