Question # 1

The debentures which are repayable at the end of a specified period are termed as.

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Redeemeble debentures

Irredeemable debentures

Repayable debetures

None of these

The owner wquity in a company is commonly called.

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Shareholder equity

promotors equity

Directors equity

None of these

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

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Oversubscription

Under subscription

No subscription

None of these

The debentures which does not carry any charges o the assets of the company.

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Simple debentures

Mortagage debentures

Redeemable debentures

None of these

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

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Redeemable debentures

Irredeemable debentures

Repayable debebtures

None of these

Equity share holders are.

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Creditors

Owners

Customers of the company

Debtors of the company

The joint stock company is formed under companies ordiance.

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1984

1974

1884

1962

Premium on issue of share is a.

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Capital profit

Business loss

Revenue profit

Revenue loss

The profit earned prior to the date of incorporatin is.

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Revenue profit

Capital profit

Capital gain

Revenue gain

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

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Revenue loss

Capital loss

Liability

None of these

A person who purchases the share of the company becomes its.

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Share holder

Debenture holder

Under writer

Promoter

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

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Forty

Fifty

Sixty

No restriction on maximum number

In case of public company minimum number of members is.

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Six

Seven

Ten

Fifty

The total amount recived by the company out of the totla called up amount is known as the.

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Called up capital

Paid up capital

Issued capital

Reserve capital

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

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Articles of association

Prospectus

Memorandum of associaton

Notice

If the price required to be paid to the company for the share is more than nominal value of that share, it is called.

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At discount

At premium

At par

None of these

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Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test MCQs With Answers

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