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 company formed by teh means of Royal Charter is called.

Question # 2

Joint stock company is an Artificaial person created by

Question # 3

The debentures which are payable to bearere, are termed as.

Question # 4

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

Question # 5

The rules and regulation foverning the internal management and administration of the company are called.

Question # 6

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

Question # 7

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

Question # 8

The maximum number of member in case of public limited company can be

Question # 9

A company comes into existence when the registrar issue the

Question # 10

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

Question # 11

The joint stock company is formed under companies ordiance.

Question # 12

Unclaimed dividend is shown as.

Question # 13

The owner wquity in a company is commonly called.

Question # 14

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

Question # 15

Debenture holders are.

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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 owner wquity in a company is commonly called.
A. Shareholder equity
B. promotors equity
C. Directors equity
D. None of these
2 Those debentures which carry no security as to payment of interest or repayment of principal, are known as.
A. Morgagage debentures
B. Secured debentures
C. Simple of naked debentures
D. None of these
3 The shares of public limited company are.
A. Not refundable
B. Not tanserable
C. Transferable
D. No allotable
4 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
5 The profit earned prior to the date of incorporatin is.
A. Revenue profit
B. Capital profit
C. Capital gain
D. Revenue gain
6 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.
A. At discount
B. At premium
C. At par
D. None of these
7 The debentures which are payable to bearere, are termed as.
A. None transfereble
B. Registered debentures
C. Bearer debentures
D. Non - bearere debentures
8 A prospectus for subscription of shares can be issued only by.
A. Public company
B. A private company
C. Both public and private company
D. None of these
9 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
10 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

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