12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 8 (Partnership Accounts-Retirement and Death)

ICOM Part 2 English Medium Principles of Accounting Chapter 8 MCQ's Test

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ICOM Part 2 Principles of Accounting Chapter Wise Online MCQ's Test

MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test"

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Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test

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Question # 1

The debentures which does not carry any charges o the assets of the company.

Question # 2

The charter of the company containing the objects of whihc for company is being formed is called.

Question # 3

If the price required to be paid to the company for the share is equal to the nominal value of that share it is called.

Question # 4

Normaly the discount on the shares should not exceed from

Question # 5

A company comes into existence when the registrar issue the

Question # 6

The value of the share as quoted on the stock exchange is said to be

Question # 7

The owner wquity in a company is commonly called.

Question # 8

premium on issue of shares is shown in.

Question # 9

The sum total of the nominal vaue of shares of company is called is.

Question # 10

The person who take the initaiative in the matter of formation of a company are known as the.

Question # 11

In case of public company minimum number of members is.

Question # 12

The part of the issued capital which has been taken up or subscribed by the public is called

Question # 13

The toal amount of capital, in case of company is divided into small units, these units are called.

Question # 14

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.

Question # 15

The dividend paid to the shareholders during the finaincial year is.

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ICOM Part 2 English Medium Principles of Accounting Chapter 8 MCQ's Test

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ICom Part II Principles of Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 Interest on dividend is paid.
A. At the end of financial period
B. During the fiancancial year
C. At the time of incorporation
D. At the time of winding of company
2 The sum total of the nominal vaue of shares of company is called is.
A. Issued capital
B. Subscribed capital
C. Share capital
D. Called up capital
3 Unclaimed dividend is shown as.
A. Asset
B. Liability
C. Deduction from paid up capital
D. None of these
4 In case of public company minimum number of members is.
A. Six
B. Seven
C. Ten
D. Fifty
5 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
6 A situation where a company receives more application than actual number of shares offered to the public for subscriptions is termed as.
A. Oversubscription
B. Udner subscription
C. No subscripition
D. None of these
7 The maximum number of member in case of public limited company can be
A. Forty
B. Fifty
C. Sixty
D. No restriction on maximum number
8 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
9 The loss prior to the date of incorporation of a company is.
A. Revenue loss
B. Capital loss
C. Liability
D. None of these
10 The rules and regulation foverning the internal management and administration of the company are called.
A. Memorandum of assocaition
B. Articles of association
C. Prospectus
D. None of these
s

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