Question # 1

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

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Issued capital

Subscribed capital

Share capital

Called up capital

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

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Redeemable debentures

Irredeemable debentures

Repayable debebtures

None of these

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

A certificat issue by the company under its seal acknowledging a debt due by it to its holder, is called.

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Debenture

Certificate of commencement

Acknowledge certificate

Noen of these

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

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Share holder

Debenture holder

Under writer

Promoter

In case of private company minimum numebr of sharaeholders are.

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Six

Seven

Ten

Two

Registered company is

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2

3

4

5

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

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

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Oversubscription

Udner subscription

No subscripition

None of these

The joint stock company is formed under companies ordiance.

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1984

1974

1884

1962

The toal amount of capital, in case of company is divided into small units, these units are called.

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Bonds

Cheque

Share

Reserve

The shares of public limited company are.

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Not refundable

Not tanserable

Transferable

No allotable

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

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Par value

Book value

Cost value

Market value

The profit earned prior to the date of incorporatin is.

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Revenue profit

Capital profit

Capital gain

Revenue gain

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

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Prospectus

Articles of assocaition

Memorandum of association

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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