12th class Principle of Accounting chapter 8 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 8 (Partnership Accounts-Retirement and Death)

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Sr.#	Question	Answer
1	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
2	The loss prior to the date of incorporation of a company is.	A. Revenue loss B. Capital loss C. Liability D. None of these
3	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
4	Equity share holders are.	A. Creditors B. Owners C. Customers of the company D. Debtors of the company
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 powers of company are governed by the.	A. Sharehoders B. Memorandum of association C. Prospectus D. Articles of association
7	Share capital int he balance sheet is known as.	A. Asset B. Liability C. Income D. Reserve
8	The dividend paid to the shareholders during the finaincial year is.	A. Final dividend B. Interim divident C. Unclaimed divident D. Proposed dividend
9	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
10	The owner wquity in a company is commonly called.	A. Shareholder equity B. promotors equity C. Directors equity D. None of these