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 sum total of the nominal vaue of shares of company is called is.
  • A. Issued capital
  • B. Subscribed capital
  • C. Share capital
  • D. Called up capital
2 Dividend is calculated on.
  • A. Registered capital
  • B. Issue Capital
  • C. Paid up Capital
  • D. Subscribed Capital
3 The maximum number of memebr in case of private limited comapny can be.
  • A. Forty
  • B. Fifty
  • C. Sixty
  • D. No restriction on maximum number
4 A company comes into existence when the registrar issue the
  • A. Prospectus
  • B. Certificate of incorporation
  • C. statement in Lieu of prospectus
  • D. Companies ordinance
5 Those debentures wihch carry no security as to payment of interest or repayment of principal, are known as.
  • A. Morigage debentures
  • B. Secured debentures
  • C. Simple or naked debentures
  • D. None of these
6 The charter of the company containing the objects of whihc for company is being formed is called.
  • A. Articles of association
  • B. Prospectus
  • C. Memorandum of associaton
  • D. Notice
7 Kind of company is.
  • A. 2
  • B. 3
  • C. 4
  • D. 5
8 The debentures which are payable to bearere, are termed as.
  • A. None transfereble
  • B. Registered debentures
  • C. Bearer debentures
  • D. Non - bearere debentures
9 The face value of the share is also known as.
  • A. Book value
  • B. Par value
  • C. Market value
  • D. None of these
10 The powers of company are governed by the.
  • A. Sharehoders
  • B. Memorandum of association
  • C. Prospectus
  • D. Articles of association

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