[{"id":244311,"question":"A company in which memebr gives a guarantee to contribute a specified sum to the company of its being wound up is called.","choices":[{"text":"Limited company","value":"A"},{"text":"Un limited company","value":"B"},{"text":"Company limited by guarantee","value":"C"},{"text":"Chartered company","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":244310,"question":"The company formed by teh means of Royal Charter is called.","choices":[{"text":"Public limited company","value":"A"},{"text":"Private limited company","value":"B"},{"text":"Charterd company","value":"C"},{"text":"Registered company","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":244309,"question":"Joint stock company is an Artificaial person created by","choices":[{"text":"Law","value":"A"},{"text":"Federal Govt","value":"B"},{"text":"Registrar","value":"C"},{"text":"Employees","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244308,"question":"The joint stock company is formed under companies ordiance.","choices":[{"text":"1984","value":"A"},{"text":"1974","value":"B"},{"text":"1884","value":"C"},{"text":"1962","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244307,"question":"The balance of revalution account is transferred to the capital accounts of the partners in.","choices":[{"text":"Profit sharing ratios","value":"A"},{"text":"Capital ratios","value":"B"},{"text":"Equality","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244306,"question":"In case of dissolution if there is any undivided profit are reserve should be credited to.","choices":[{"text":"Partners capital accounts","value":"A"},{"text":"Realization accounts","value":"B"},{"text":"Reserve account","value":"C"},{"text":"Revaluation accounts","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244305,"question":"Un recorded liability when paid on dissolution of the firmis debited to.","choices":[{"text":"Realization account","value":"A"},{"text":"Liability account","value":"B"},{"text":"Partners capital account","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":244304,"question":"If any partner takes the responsibility to pay the liabilities of the firm at the time of dissolution then it should be credited to.","choices":[{"text":"Partner's capital account","value":"A"},{"text":"Realization account","value":"B"},{"text":"Liabilities accounts","value":"C"},{"text":"Cash accounts","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244303,"question":"If any partner takes over any asset at the time of dissolution then it should be debited to.","choices":[{"text":"Partner's capital accounts","value":"A"},{"text":"Realization account","value":"B"},{"text":"Cash account","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244302,"question":"Reserve for bad and doubtful debts appearing in the books of accounts at the time of dissolution shuld be transferred to.","choices":[{"text":"Realization account","value":"A"},{"text":"Revalution account","value":"B"},{"text":"Debtors account","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244301,"question":"Generatal reserve at the time of dissolution is transferred to","choices":[{"text":"All partners capital accounts","value":"A"},{"text":"Realization account","value":"B"},{"text":"Solvent partners capital account","value":"C"},{"text":"Insolvent patner's capital account","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244300,"question":"In case of dissolution, assets sold for cash are debited to.","choices":[{"text":"Realization account","value":"A"},{"text":"Cash account","value":"B"},{"text":"Assets account","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":244299,"question":"In case of dissolution, assets sold for cash are debited to","choices":[{"text":"Realization account","value":"A"},{"text":"Cash account","value":"B"},{"text":"Assets account","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":244298,"question":"Realizaton account is a.","choices":[{"text":"Nominal account","value":"A"},{"text":"Real account","value":"B"},{"text":"Personal account","value":"C"},{"text":"Cash account","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244297,"question":"The Decision in Garner Va. Murray was given in.","choices":[{"text":"1905","value":"A"},{"text":"1904","value":"B"},{"text":"1804","value":"C"},{"text":"1933","value":"D"},{"value":"E"}],"correctAnswer":2}]