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Categories >> Accounting >> CompanyAffairs CS
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
What is preferential order of payment to the following in 
the event of winding up a company?
What is the correct order???
1.Bank loan(secured)
2.Preference share capital
3.Debentures
4.Equity shares
 Question Submitted By :: Megha
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is preferential order of payment to the following in the event of winding up a company? What is the correct order??? 1.Bank loan(secured) 2.Preference share capital 3.Debentures 4.Equity shares
Answer
# 1
1. bank loan (secured)
2. debentures
3. preference share capital
4. eqity shares
 
Is This Answer Correct ?    9 Yes 0 No
Nidhi Khaitan
 

 
 
 
Other CompanyAffairs CS Interview Questions
 
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How can i treat the tds in the Books of Deeductee. Example suppose my company recives an amount on Job work charges by giving tds to a deductor company. Then will i creat it under tax and liability ledger or other. eClerx 4
how does one calculate goodwill by super profit method   2
can a pvt ltd. coy take unsecured loan from any partnership firm? If not why?   1
WHAT DO U MEAN BY DIVIDENDS. WHAT IS THE TYPE OF DIVIDEND AND IS THIS PROFIT OR INTREST? Bank-Of-America 10
what is software?   2
What are the main differences between corporate debt and equity? Why do some firms try to issue equity in the guise of debt? Pepsi 8
what is contra entries defination and meaning and some example Infosys 2
Two charities are setting up a joint fund raising operation. How do you account for this?   1
what is by brs? Capital-IQ 41
Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest for the business and would consider selling it for the right price. You are interested in buying this business, and you obtain its most recent monthly unadjusted trial balance which follows: O'Henry's Data Services Unadjusted Trial Balance November 30, 20XX Cash……………………………… $9,700 Accounts receivable……………………… 7,900 Prepaid expenses………… 2,600 Furniture, fixtures, & equipment 151,300 Accumulated depreciation $15,600 Accounts payable………… 3,800 Salary payable……………… Unearned service revenue 6,700 Benjamin O'Henry, capital 137,400 Benjamin O'Henry, withdrawals 2,000 Service revenue………… 14,300 Rent expense…………… Salary expense………… 3,400 Utilities expense……… 900 Depreciation expense Supplies expense…… Total…………………………………………. $177,800 $177,800 Revenues and expenses vary little from month to month, and November is a typical month. Your investigation reveals that the unadjusted trial balance does not include the effects of monthly revenues of $2,100 and monthly expenses totaling $2,750. If you were to buy O'Henry's Data Services, you would hire a manager who would require a monthly salary of $3,000. The most you would pay for the business is 20 times the monthly net income you could expect to earn from it. Compute this possible price. The least O'Henry will take for the business is his ending capital. Compute this amount. Under these conditions, how much should you offer O'Henry? Give your reason. I have the mathimatical part ok , please give reasons on how much and why I they would offer him the amount.   3
Three charities have common trustees and currently produce separate accounts. Can the charity somehow put these together as a single set of accounts?   1
 
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