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

Normaly the discount on the shares should not exceed from

Question # 2

The shares of public limited company are.

Question # 3

A person who purchases the share of the company becomes its.

Question # 4

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

Question # 5

Unclaimed dividend is shown as.

Question # 6

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

Question # 7

In case of private company minimum numebr of sharaeholders are.

Question # 8

A prospectus for subscription of shares can be issued only by.

Question # 9

The dividend paid to the shareeholders duirng the financial year is.

Question # 10

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 # 11

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 # 12

Share capital int he balance sheet is known as.

Question # 13

Debentures holders are.

Question # 14

premium on issue of shares is shown in.

Question # 15

Interest on dividend is paid.

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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 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
2 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
3 The charter of the company containing the objects of whihc for company is being formed is called.
A. Articles of association
B. Prospectus
C. Memorandum of associaton
D. Notice
4 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
5 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
6 The owner wquity in a company is commonly called.
A. Shareholder equity
B. promotors equity
C. Directors equity
D. None of these
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.
A. Under subscription
B. Over subscription
C. General subscription
D. Above subscription
8 Dividend is calculated on.
A. Registered capital
B. Issue Capital
C. Paid up Capital
D. Subscribed Capital
9 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
10 The joint stock company is formed under companies ordiance.
A. 1984
B. 1974
C. 1884
D. 1962

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