12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 8 (Partnership Accounts-Retirement and Death)

ICOM Part 2 English Medium Principles of Accounting Chapter 8 MCQ's Test

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ICOM Part 2 Principles of Accounting Chapter Wise Online MCQ's Test

MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test"

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Principles of Accounting Icom Part 2 English Medium Chapter 8 Online Test

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Question # 1

The charter of the company containing the objects of whihc for company is being formed is called.

Question # 2

A person who purchases the share of the company becomes its.

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.

Question # 4

The value of the share as quoted on the stock exchange is said to be

Question # 5

Debenture holders are.

Question # 6

Share applicaton account is in the nattur eof.

Question # 7

The company formed by teh means of Royal Charter is called.

Question # 8

Premium on issue of share is a.

Question # 9

Normaly the discount on the shares should not exceed from

Question # 10

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

Question # 11

The total amount recived by the company out of the totla called up amount is known as the.

Question # 12

The powers of company are governed by the.

Question # 13

The maximum number of member in case of public limited company can be

Question # 14

Unclaimed dividend is shown as.

Question # 15

The debentures which does not carry any charges o the assets of the company.

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ICOM Part 2 English Medium Principles of Accounting Chapter 8 MCQ's Test

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ICom Part II Principles of Accounting Chapter 0 Important MCQ's

Sr.# Question Answer
1 The value of the share as quoted on the stock exchange is said to be
A. Par value
B. Book value
C. Cost value
D. Market value
2 Share capital int he balance sheet is known as.
A. Asset
B. Liability
C. Income
D. Reserve
3 Interest on dividend is paid.
A. At the end of financial period
B. During the fiancancial year
C. At the time of incorporation
D. At the time of winding of company
4 The face value of the share is also known as.
A. Book value
B. Par value
C. Market value
D. None of these
5 The amount of share capital which a company is authroxzed to raise is called.
A. Subscribed capital
B. Issued capital
C. Authorized capital
D. Paid up capital
6 The loss prior to the date of incorporation of a company is.
A. Revenue loss
B. Capital loss
C. Liability
D. None of these
7 The documents which contains the rules and regulation for the internal management of the company is called.
A. Prospectus
B. Articles of assocaition
C. Memorandum of association
D. Notice
8 A certificat issue by the company under its seal acknowledging a debt due by it to its holder, is called.
A. Debenture
B. Certificate of commencement
C. Acknowledge certificate
D. Noen of these
9 If the price required to be paid to the company for the share is more than nominal value of that share, it is called.
A. At discount
B. At premium
C. At par
D. None of these
10 The debentures which are repayable at the end of a specified period are termed as.
A. Redeemeble debentures
B. Irredeemable debentures
C. Repayable debetures
D. None of these

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