Question # 1

The owner wquity in a company is commonly called.

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Shareholder equity

promotors equity

Directors equity

None of these

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

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Called up capital

Paid up capital

Issued capital

Reserve capital

The powers of company are governed by the.

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Sharehoders

Memorandum of association

Prospectus

Articles of association

Those debentures which carry no security as to payment of interest or repayment of principal, are known as.

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Morgagage debentures

Secured debentures

Simple of naked debentures

None of these

Registered company is

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2

3

4

5

The toal amount of capital, in case of company is divided into small units, these units are called.

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Bonds

Cheque

Share

Reserve

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

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Share holder

Debenture holder

Under writer

Promoter

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

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Public limited company

Private limited company

Charterd company

Registered company

If the price required to be paid to the company for the share is equal to the nominal value of that share it is called.

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At discount

At premium

At par

None of these

Premium on issue of share is a.

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Capital profit

Business loss

Revenue profit

Revenue loss

The face value of the share is also known as.

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Book value

Par value

Market value

None of these

Interest on dividend is paid.

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At the end of financial period

During the fiancancial year

At the time of incorporation

At the time of winding of company

The amount of share capital with which a company is registered is called.

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Authorized capital

Issued capital

Paid up capital

Called up capital

A certificat issue by the company under its seal acknowledging a debt due by it to its holder, is called.

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Debenture

Certificate of commencement

Acknowledge certificate

Noen of these

Debenture holders are.

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Creditors

Owners

Customers of the company

Debtors

Debentures holders are.

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Creditors of the company

Owners of the company

Customer of the company

None of these

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

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