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Online Tests
Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test MCQs With Answers
Question # 1
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 # 2
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 # 3
The credit balacne of the retained earnings statement represents.
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Undisturbed Profit
Divided declared
Profit distributed
None of these
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Question # 4
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 # 5
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 # 6
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 # 7
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 # 8
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 # 9
Dividend is calculated on.
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Registered capital
Issue Capital
Paid up Capital
Subscribed Capital
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Question # 10
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 # 11
If the price required to be paid to the company for the share less than the nominal value of that share, it is called shares.
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At discount
At primium
At par
None of these
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Question # 12
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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Question # 13
Those debentures wihch carry no security as to payment of interest or repayment of principal, are known as.
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Morigage debentures
Secured debentures
Simple or naked debentures
None of these
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Question # 14
Share capital int he balance sheet is known as.
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Asset
Liability
Income
Reserve
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Question # 15
The owner wquity in a company is commonly called.
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Shareholder equity
promotors equity
Directors equity
None of these
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Question # 16
The maximum number of member in case of public limited company can be
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Forty
Fifty
Sixty
No restriction on maximum number
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