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 documents which contains the rules and regulation for the internal management of the company is called.

Question # 2

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

Question # 3

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

Question # 4

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

Question # 5

A company comes into existence when the registrar issue the

Question # 6

In case of public company minimum number of members is.

Question # 7

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

Question # 8

Share applicaton account is in the nattur eof.

Question # 9

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

Question # 10

Unclaimed dividend is shown as.

Question # 11

The credit balacne of the retained earnings statement represents.

Question # 12

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 # 13

The maximum number of memebr in case of private limited comapny can be.

Question # 14

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

Question # 15

Dividend is calculated on.

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

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Sr.# Question Answer
1 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
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 Dividend is calculated on.
A. Registered capital
B. Issue Capital
C. Paid up Capital
D. Subscribed Capital
4 Registered company is
A. 2
B. 3
C. 4
D. 5
5 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
6 The liability of the shareholder of a public limited company is.
A. Unlimited
B. Limited
C. Compulsory
D. None of these
7 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
8 The credit balacne of the retained earnings statement represents.
A. Undisturbed Profit
B. Divided declared
C. Profit distributed
D. None of these
9 A company in which memebr gives a guarantee to contribute a specified sum to the company of its being wound up is called.
A. Limited company
B. Un limited company
C. Company limited by guarantee
D. Chartered company
10 Unclaimed dividend is shown as.
A. Asset
B. Liability
C. Deduction from paid up capital
D. None of these
11 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
12 Premium on issue of share is a.
A. Capital profit
B. Business loss
C. Revenue profit
D. Revenue loss
13 A situation where a company receives application for a less number of shares than offered to the public for subscription is termed as.
A. Oversubscription
B. Under subscription
C. No subscription
D. None of these
14 Equity share holders are.
A. Creditors
B. Owners
C. Customers of the company
D. Debtors of the company
15 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

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