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MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test"
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Total Questions15
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Time Allowed20
Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test
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Question # 1
Those debentures wihch carry no security as to payment of interest or repayment of principal, are known as.
Question # 2
A situtation where a company receives a application for a less number of shares than offered to the public for subscription is termed as.
Question # 3
The maximum number of member in case of public limited company can be
Question # 4
The part of the issued capital which has been taken up or subscribed by the public is called
Question # 5
The debentures which does not carry any charges o the assets of the company.
Question # 6
The joint stock company is formed under companies ordiance.
Question # 7
The charter of the company containing the objects of whihc for company is being formed is called.
Question # 8
If the price required to be paid to the company for the share is more than nominal value of that share, it is called.
Question # 9
Debenture holders are.
Question # 10
The sum total of the nominal vaue of shares of company is called is.
Question # 11
The value of the share as quoted on the stock exchange is said to be
Question # 12
Interest on dividend is paid.
Question # 13
The profit earned prior to the date of incorporatin is.
Question # 14
Debentures holders are.
Question # 15
A situation where a company receives more application than actual number of shares offered to the public for subscriptions is termed as.
ICOM Part 2 English Medium Principles of Accounting Chapter 8 MCQ's Test
Top Scorers Of Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test" MCQ`s Test
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A Atif 09 - Jun - 2021 00 Min 09 Sec 15/15 -
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H hafsa 10 - Dec - 2020 02 Min 41 Sec 15/15 -
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ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | In case of public company minimum number of members is. |
A. Six
B. Seven
C. Ten
D. Fifty
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| 2 | Normaly the discount on the shares should not exceed from |
A. Five percent
B. Eight percent
C. Twenty percent
D. Ten percent
|
| 3 | The liability of the shareholder of a public limited company is. |
A. Unlimited
B. Limited
C. Compulsory
D. None of these
|
| 4 | Debentures holders are. |
A. Creditors of the company
B. Owners of the company
C. Customer of the company
D. None of these
|
| 5 | A situation where a company receives a application for a large number of shares than offered to the public for subscription is termed as. |
A. Under subscription
B. Over subscription
C. General subscription
D. Above subscription
|
| 6 | A company comes into existence when the registrar issue the |
A. Prospectus
B. Certificate of incorporation
C. statement in Lieu of prospectus
D. Companies ordinance
|
| 7 | The amount of share capital which a company is authroxzed to raise is called. |
A. Subscribed capital
B. Issued capital
C. Authorized capital
D. Paid up capital
|
| 8 | If the price required to be paid to the company for the share less than the nominal value of that share, it is called shares. |
A. At discount
B. At primium
C. At par
D. None of these
|
| 9 | The person who take the initaiative in the matter of formation of a company are known as the. |
A. Promoters
B. Share holder
C. Director
D. Registered
|
| 10 | premium on issue of shares is shown in. |
A. Assets side of balance sheet
B. Liabilities side of balance sheet
C. Trading account
D. Profit and loss account
|
Test Questions