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 shares of public limited company are.

Question # 2

The loss prior to the date of incorporation of a company is.

Question # 3

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

Question # 4

Ordinary shares are also known as.

Question # 5

A company in which memebr gives a guarantee to contribute a specified sum to the company of its being wound up is called.

Question # 6

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

Question # 7

A situation where a company receives a application for a large number of shares than offered to the public for subscription is termed as.

Question # 8

Debentures holders are.

Question # 9

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 # 10

The total amount recived by the company out of the totla called up amount is known as the.

Question # 11

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

Question # 12

A situation where a company receives more application than actual number of shares offered to the public for subscriptions is termed as.

Question # 13

Registered company is

Question # 14

Those debentures wihch carry no security as to payment of interest or repayment of principal, are known as.

Question # 15

A certificat issue by the company under its seal acknowledging a debt due by it to its holder, is called.

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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 The document which contains the fundamental conditions of incorporation and the obejedcts for which the company was formed is called.
A. Memorandum of association
B. Article of association
C. Prospectus
D. None of he above
2 The total amount recived by the company out of the totla called up amount is known as the.
A. Called up capital
B. Paid up capital
C. Issued capital
D. Reserve capital
3 The documents which contains the rules and regulation for the internal management of the company is called.
A. Prospectus
B. Articles of assocaition
C. Memorandum of association
D. Notice
4 The company formed by teh means of Royal Charter is called.
A. Public limited company
B. Private limited company
C. Charterd company
D. Registered company
5 The debentures which are repayable at the end of a specified period are termed as.
A. Redeemeble debentures
B. Irredeemable debentures
C. Repayable debetures
D. None of these
6 The toal amount of capital, in case of company is divided into small units, these units are called.
A. Bonds
B. Cheque
C. Share
D. Reserve
7 The value of the share as quoted on the stock exchange is said to be
A. Par value
B. Book value
C. Cost value
D. Market value
8 Premium on issue of share is a.
A. Capital profit
B. Business loss
C. Revenue profit
D. Revenue loss
9 The dividend paid to the shareholders during the finaincial year is.
A. Final dividend
B. Interim divident
C. Unclaimed divident
D. Proposed dividend
10 The part of the issued capital which has been taken up or subscribed by the public is called
A. Issued capital
B. Authorized capital
C. Subscribed capital
D. Paid up capital

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