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Online Tests
Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test MCQs With Answers
Question # 1
Kind of company is.
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2
3
4
5
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Question # 2
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 # 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 more application than actual number of shares offered to the public for subscriptions is termed as.
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Oversubscription
Udner subscription
No subscripition
None of these
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Question # 5
Share capital int he balance sheet is known as.
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Asset
Liability
Income
Reserve
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Question # 6
The loss prior to the date of incorporation of a company is.
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Revenue loss
Capital loss
Liability
None of these
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Question # 7
A certificat issue by the company under its seal acknowledging a debt due by it to its holder, is called.
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Debenture
Certificate of commencement
Acknowledge certificate
Noen of these
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Question # 8
In case of public company minimum number of members is.
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Six
Seven
Ten
Fifty
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Question # 9
Unclaimed dividend is shown as.
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Asset
Liability
Deduction from paid up capital
None of these
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Question # 10
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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Question # 11
The face value of the share is also known as.
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Book value
Par value
Market value
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
The document which contains the fundamental conditions of incorporation and the obejedcts for which the company was formed is called.
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Memorandum of association
Article of association
Prospectus
None of he above
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Question # 14
Share applicaton account is in the nattur eof.
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Real account
Personal account
Nominal account
None of the above
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Question # 15
The dividend paid to the shareholders during the finaincial year is.
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Final dividend
Interim divident
Unclaimed divident
Proposed dividend
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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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