Question # 1

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

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Forty

Fifty

Sixty

No restriction on maximum number

A prospectus for subscription of shares can be issued only by.

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Public company

A private company

Both public and private company

None of these

The liability of the shareholder of a public limited company is.

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Unlimited

Limited

Compulsory

None of these

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

Unclaimed dividend is shown as.

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Asset

Liability

Deduction from paid up capital

None of these

Interest on dividend is paid.

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At the end of financial period

During the fiancancial year

At the time of incorporation

At the time of winding of company

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

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At discount

At premium

At par

None of these

Those debentures which carry no security as to payment of interest or repayment of principal, are known as.

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Morgagage debentures

Secured debentures

Simple of naked debentures

None of these

Normaly the discount on the shares should not exceed from

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Five percent

Eight percent

Twenty percent

Ten percent

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

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Limited company

Un limited company

Company limited by guarantee

Chartered company

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

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Share holder

Debenture holder

Under writer

Promoter

The powers of company are governed by the.

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Sharehoders

Memorandum of association

Prospectus

Articles of association

Registered company is

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2

3

4

5

Joint stock company is an Artificaial person created by

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Law

Federal Govt

Registrar

Employees

Share applicaton account is in the nattur eof.

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Real account

Personal account

Nominal account

None of the above

The part of the issued capital which has been taken up or subscribed by the public is called

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Issued capital

Authorized capital

Subscribed capital

Paid up capital

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

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