12th class Principle of Accounting chapter 4 short question with answers for ICom part 2 Principle of Accounting Chapter 4

Online Short Questions For Chapter 4 "ICOM Part 2 Principles of Accounting Chapter 4 Short Questions Preparation "

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Principles of Accounting - ICOM Part 2 Principles of Accounting Chapter 4 Short Questions Preparation

Question # 1

Define statutory company.

  • Ans 1: The company formed by special statue is categorized as statutory company.In our country the statue that constitute a company may be an act of the legislative assembly passed by the president.
    Example : Bank of Pakistan.Pakistan railway
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Prepare Complete Set Wise Questions For Chapter 4 "ICOM Part 2 Principles of Accounting Chapter 4 Short Questions Preparation "

ICOM Part 2 Principles of Accounting Chapter 4 Short Questions Preparation - Set 1

Question # 1

Define statutory company.

  • Ans 1: The company formed by special statue is categorized as statutory company.In our country the statue that constitute a company may be an act of the legislative assembly passed by the president.
    Example : Bank of Pakistan.Pakistan railway
Submit

ICOM Part 2 Principles of Accounting Chapter 4 Short Questions Preparation - Set 2

Question # 1

Define memorandum of association.

  • Ans 1: Memorandum of association is the basic documents of company which contain the fundamental condition upon which alone a company can be incorporated ,
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ICOM Part 2 Principles of Accounting Chapter 4 Short Questions Preparation - Set 3

Question # 1

What is difference between shareholders and debentures holders?

  • Ans 1: Share holder:A shareholder is an owner in the company.A shareholder is entitled only to dividend.A shareholder has right of voting n general meeting.
  • Ans 2: Debenture holder:Debenture holder is loan creditor of the company.
    Debenture holder is entitled to agree meeting interest.Debenture holder has no right of voting in general meeting.
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Principles of Accounting
4th Chapter

12th Principles of Accounting Chapter 4 Test

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