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Online Tests
Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test MCQs With Answers
Question # 1
The company formed by teh means of Royal Charter is called.
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Public limited company
Private limited company
Charterd company
Registered company
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Question # 2
Unclaimed dividend is shown as.
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Asset
Liability
Deduction from paid up capital
None of these
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Question # 3
Joint stock company is an Artificaial person created by
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Law
Federal Govt
Registrar
Employees
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Question # 4
Debentures holders are.
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Creditors of the company
Owners of the company
Customer of the company
None of these
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Question # 5
The debentures which are payable to bearere, are termed as.
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None transfereble
Registered debentures
Bearer debentures
Non - bearere debentures
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Question # 6
In case of private company minimum numebr of sharaeholders are.
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Six
Seven
Ten
Two
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Question # 7
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
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Question # 8
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
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Question # 9
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
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Question # 10
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
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Question # 11
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
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Question # 12
The person who take the initaiative in the matter of formation of a company are known as the.
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Promoters
Share holder
Director
Registered
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Question # 13
Share capital int he balance sheet is known as.
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Asset
Liability
Income
Reserve
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Question # 14
Ordinary shares are also known as.
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Equity shares
Deffered shares
Bonus shares
Preference shares
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Question # 15
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
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Question # 16
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
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