Question # 1

In case of public company minimum number of members is.

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Six

Seven

Ten

Fifty

Normaly the discount on the shares should not exceed from

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Five percent

Eight percent

Twenty percent

Ten percent

The rules and regulation foverning the internal management and administration of the company are called.

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Memorandum of assocaition

Articles of association

Prospectus

None of these

The powers of company are governed by the.

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Sharehoders

Memorandum of association

Prospectus

Articles of association

In case of private company minimum numebr of sharaeholders are.

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Six

Seven

Ten

Two

Kind of company is.

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2

3

4

5

Unclaimed dividend is shown as.

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Asset

Liability

Deduction from paid up capital

None of these

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

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

The debentures which are payable to bearere, are termed as.

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None transfereble

Registered debentures

Bearer debentures

Non - bearere debentures

The joint stock company is formed under companies ordiance.

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1984

1974

1884

1962

Share capital int he balance sheet is known as.

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Asset

Liability

Income

Reserve

A company comes into existence when the registrar issue the

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Prospectus

Certificate of incorporation

statement in Lieu of prospectus

Companies ordinance

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

Premium on issue of share is a.

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Capital profit

Business loss

Revenue profit

Revenue loss

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

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