Question # 1

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

Choose an answer

Under subscription

Over subscription

General subscription

Above subscription

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

Choose an answer

Oversubscription

Under subscription

No subscription

None of these

The credit balacne of the retained earnings statement represents.

Choose an answer

Undisturbed Profit

Divided declared

Profit distributed

None of these

premium on issue of shares is shown in.

Choose an answer

Assets side of balance sheet

Liabilities side of balance sheet

Trading account

Profit and loss account

The dividend paid to the shareholders during the finaincial year is.

Choose an answer

Final dividend

Interim divident

Unclaimed divident

Proposed dividend

The shares of public limited company are.

Choose an answer

Not refundable

Not tanserable

Transferable

No allotable

Interest on dividend is paid.

Choose an answer

At the end of financial period

During the fiancancial year

At the time of incorporation

At the time of winding of company

The face value of the share is also known as.

Choose an answer

Book value

Par value

Market value

None of these

The amount of share capital which a company is authroxzed to raise is called.

Choose an answer

Subscribed capital

Issued capital

Authorized capital

Paid up capital

Dividend is calculated on.

Choose an answer

Registered capital

Issue Capital

Paid up Capital

Subscribed Capital

Normaly the discount on the shares should not exceed from

Choose an answer

Five percent

Eight percent

Twenty percent

Ten percent

Registered company is

Choose an answer

2

3

4

5

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

Choose an answer

At discount

At premium

At par

None of these

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

Choose an answer

Issued capital

Subscribed capital

Share capital

Called up capital

Premium on issue of share is a.

Choose an answer

Capital profit

Business loss

Revenue profit

Revenue loss

The profit earned prior to the date of incorporatin is.

Choose an answer

Revenue profit

Capital profit

Capital gain

Revenue gain

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer