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

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

Start Chapter 8 Test

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

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

Sr. # Questions Answers Choice
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 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
3 The amount of share capital with which a company is registered is called.
  • A. Authorized capital
  • B. Issued capital
  • C. Paid up capital
  • D. Called up capital
4 If the price required to be paid to the company for the share is more than nominal value of that share, it is called.
  • A. At discount
  • B. At premium
  • C. At par
  • D. None of these
5 The maximum number of memebr in case of private limited comapny can be.
  • A. Forty
  • B. Fifty
  • C. Sixty
  • D. No restriction on maximum number
6 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
7 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
8 Those debentures wihch carry no security as to payment of interest or repayment of principal, are known as.
  • A. Morigage debentures
  • B. Secured debentures
  • C. Simple or naked debentures
  • D. None of these
9 The face value of the share is also known as.
  • A. Book value
  • B. Par value
  • C. Market value
  • D. None of these
10 The debentures which are payable to bearere, are termed as.
  • A. None transfereble
  • B. Registered debentures
  • C. Bearer debentures
  • D. Non - bearere debentures

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