Question # 1

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

The persons to whom the goods are dispatched for the purpsoe of sales is called.

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Debtor

Consignee

Consignor

None of these

The dividend paid to the shareholders during the finaincial year is.

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Final dividend

Interim divident

Unclaimed divident

Proposed dividend

The amount of good will broght in cash by nw partner will be credited to old partner in.

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Gaining Ratio

New Ratio

Old Ratio

Sacrifice Ratio

Bad debt written off always affect the

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Deblor's account

Creditors account

Cash account

All of the above

For the firm, interest on drawing is.

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Expense

Income

Liability

None of these

Consignor is also called.

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Principal

Agent

Debtor of the consignee

Creditor of the consignee

Commission due to the consignee is calculated on.

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Credit sales only

Cash sales only

Total sales

None of these

Receipts and payments account shows

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Debit and credit balances of ledgers

Incomes and expenditures

Cash receipts and payments

Assets and liabilities

A paartner who have a major investment in the firm and receive a relatively more profit is called.

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Sleeping partner

Darment partner

Senior partner

Estoppels partner

Equity share holders are.

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Creditors

Owners

Customers of the company

Debtors of the company

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

In single entry system,

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Personal accounts are maintained

Real accounts are maintained

Nominal accounts are maintained

None of the above

The owner of the partnership are called as.

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Member

Partners

Share holder

None of these

In the books of consignor, the loss on the consignment should be crediterd to.

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Consignment account

Consigneee 's account

Profit and loss account

Gppds sent on consignemnt

The balance of revalution account is transferred to the capital accounts of the partners in.

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Profit sharing ratios

Capital ratios

Equality

None of these

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