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

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

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

Sr. # Questions Answers Choice
1 The company formed by teh means of Royal Charter is called.
  • A. Public limited company
  • B. Private limited company
  • C. Charterd company
  • D. Registered company
2 A company in which memebr gives a guarantee to contribute a specified sum to the company of its being wound up is called.
  • A. Limited company
  • B. Un limited company
  • C. Company limited by guarantee
  • D. Chartered company
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 In case of private company minimum numebr of sharaeholders are.
  • A. Six
  • B. Seven
  • C. Ten
  • D. Two
5 A situtation where a company receives a application for a less number of shares than offered to the public for subscription is termed as.
  • A. Under subscription
  • B. Over subscription
  • C. General subscription
  • D. Above subscription
6 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
7 Dividend is calculated on.
  • A. Registered capital
  • B. Issue Capital
  • C. Paid up Capital
  • D. Subscribed Capital
8 The profit earned prior to the date of incorporatin is.
  • A. Revenue profit
  • B. Capital profit
  • C. Capital gain
  • D. Revenue gain
9 The maximum number of member in case of public limited company can be
  • A. Forty
  • B. Fifty
  • C. Sixty
  • D. No restriction on maximum number
10 The face value of the share is also known as.
  • A. Book value
  • B. Par value
  • C. Market value
  • D. None of these

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