Question # 1

Dividend is calculated on.

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Registered capital

Issue Capital

Paid up Capital

Subscribed Capital

Premium on issue of share is a.

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Capital profit

Business loss

Revenue profit

Revenue loss

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

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None transfereble

Registered debentures

Bearer debentures

Non - bearere debentures

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

Those debentures which carry no security as to payment of interest or repayment of principal, are known as.

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Morgagage debentures

Secured debentures

Simple of naked debentures

None of these

Interest on dividend is paid.

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At the end of financial period

During the fiancancial year

At the time of incorporation

At the time of winding of company

A situtation where a company receives a application for a less 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

Unclaimed dividend is shown as.

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Asset

Liability

Deduction from paid up capital

None of these

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

Registered company is

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2

3

4

5

The owner wquity in a company is commonly called.

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Shareholder equity

promotors equity

Directors equity

None of these

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

Share capital int he balance sheet is known as.

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Asset

Liability

Income

Reserve

The credit balacne of the retained earnings statement represents.

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Undisturbed Profit

Divided declared

Profit distributed

None of these

The joint stock company is formed under companies ordiance.

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1984

1974

1884

1962

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

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