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Online Tests
Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test MCQs With Answers
Question # 1
Dividend is calculated on.
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Registered capital
Issue Capital
Paid up Capital
Subscribed Capital
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Question # 2
Premium on issue of share is a.
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Capital profit
Business loss
Revenue profit
Revenue loss
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Question # 3
The debentures which are payable to bearere, are termed as.
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None transfereble
Registered debentures
Bearer debentures
Non - bearere debentures
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Question # 4
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 # 5
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
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Question # 6
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
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Question # 7
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
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Question # 8
Unclaimed dividend is shown as.
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Asset
Liability
Deduction from paid up capital
None of these
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Question # 9
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 # 10
Registered company is
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2
3
4
5
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Question # 11
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 # 12
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 # 13
Share capital int he balance sheet is known as.
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Asset
Liability
Income
Reserve
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Question # 14
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 # 15
The joint stock company is formed under companies ordiance.
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1984
1974
1884
1962
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Question # 16
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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