MY SUCCESS 26

TCC Quiz Template Corporate Law Quiz (TCC-Quiz) Q26. Once declared, the amount of dividend shall be transferred to Special Dividend A/c within… A) 3 days B) 5 days C) 7 days D) 10 days Correct: 5 days. As per Companies Act, dividends must be transferred within 5 days. Q27. A practicing Chartered Accountant may be appointed as Auditor for a term of… A) 3 years B) 4 years C) 5 years D) 6 years Correct: 5 years. Statutory limit is 5 years, subject to rotation rules. Q28. Directors Responsibility Statement is a part of… A) Annual Return B) Board Report C) Audit Report D) CSR Report Correct: Board Report. It ensures accountability of directors. Q29. NFRA stands for… A) National Finance Regulatory Authority B) National Financial Reporting Authority ...

Cash Flow Quiz Q11–Q20 TC Cash Flow Quiz Q11–Q20 Teal Coral Clean theme — click any option to reveal the answer and explanation Cash Flow Classification & Standards Q11. Interest received by a finance company is classified under which activity while preparing a Cash Flow Statement? A. Cash Flow from Operating Activities B. Investing Activities C. Financing Activities D. Cash Equivalent Answer: Cash Flow from Operating Activities Solution: For a finance company, interest received is part of core operations and is therefore classified as cash flow from operating activities. Classification depends on the entity's primary operations and policy. Q12. Which of the...