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Online Tests
Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test MCQs With Answers
Question # 1
Unclaimed dividend is shown as.
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Asset
Liability
Deduction from paid up capital
None of these
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Question # 2
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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Question # 3
A situation where a company receives a application for a large number of shares than offered to the public for subscription is termed as.
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Under subscription
Over subscription
General subscription
Above subscription
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Question # 4
A situation where a company receives application for a less number of shares than offered to the public for subscription is termed as.
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Oversubscription
Under subscription
No subscription
None of these
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Question # 5
Normaly the discount on the shares should not exceed from
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Five percent
Eight percent
Twenty percent
Ten percent
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Question # 6
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 # 7
The dividend paid to the shareeholders duirng the financial year is.
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Redeemable debentures
Irredeemable debentures
Repayable debebtures
None of these
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Question # 8
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 # 9
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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Question # 10
The amount of share capital which a company is authroxzed to raise is called.
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Subscribed capital
Issued capital
Authorized capital
Paid up capital
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Question # 11
Ordinary shares are also known as.
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Equity shares
Deffered shares
Bonus shares
Preference shares
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Question # 12
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
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Question # 13
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
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Question # 14
The debentures which does not carry any charges o the assets of the company.
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Simple debentures
Mortagage debentures
Redeemable debentures
None of these
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Question # 15
Share capital int he balance sheet is known as.
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Asset
Liability
Income
Reserve
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Question # 16
Equity share holders are.
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Creditors
Owners
Customers of the company
Debtors of the company
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