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

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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 The loss prior to the date of incorporation of a company is.
  • A. Revenue loss
  • B. Capital loss
  • C. Liability
  • D. None of these
2 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
3 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
4 Kind of company is.
  • A. 2
  • B. 3
  • C. 4
  • D. 5
5 The dividend paid to the shareholders during the finaincial year is.
  • A. Final dividend
  • B. Interim divident
  • C. Unclaimed divident
  • D. Proposed dividend
6 The powers of company are governed by the.
  • A. Sharehoders
  • B. Memorandum of association
  • C. Prospectus
  • D. Articles of association
7 The face value of the share is also known as.
  • A. Book value
  • B. Par value
  • C. Market value
  • D. None of these
8 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
9 Ordinary shares are also known as.
  • A. Equity shares
  • B. Deffered shares
  • C. Bonus shares
  • D. Preference shares
10 The dividend paid to the shareeholders duirng the financial year is.
  • A. Redeemable debentures
  • B. Irredeemable debentures
  • C. Repayable debebtures
  • D. None of these

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