12th class Principle of Accounting chapter 8 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 8 (Partnership Accounts-Retirement and Death)

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

Sr. #	Questions	Answers Choice
1	The document which contains the fundamental conditions of incorporation and the obejedcts for which the company was formed is called.	Memorandum of association Article of association Prospectus None of he above
2	The rules and regulation foverning the internal management and administration of the company are called.	Memorandum of assocaition Articles of association Prospectus None of these
3	Interest on dividend is paid.	At the end of financial period During the fiancancial year At the time of incorporation At the time of winding of company
4	The loss prior to the date of incorporation of a company is.	Revenue loss Capital loss Liability None of these
5	The credit balacne of the retained earnings statement represents.	Undisturbed Profit Divided declared Profit distributed None of these
6	Dividend is calculated on.	Registered capital Issue Capital Paid up Capital Subscribed Capital
7	The dividend paid to the shareholders during the finaincial year is.	Final dividend Interim divident Unclaimed divident Proposed dividend
8	Those debentures which carry no security as to payment of interest or repayment of principal, are known as.	Morgagage debentures Secured debentures Simple of naked debentures None of these
9	The dividend paid to the shareeholders duirng the financial year is.	Redeemable debentures Irredeemable debentures Repayable debebtures None of these
10	Those debentures wihch carry no security as to payment of interest or repayment of principal, are known as.	Morigage debentures Secured debentures Simple or naked debentures None of these
11	The debentures which are repayable at the end of a specified period are termed as.	Redeemeble debentures Irredeemable debentures Repayable debetures None of these
12	The profit earned prior to the date of incorporatin is.	Revenue profit Capital profit Capital gain Revenue gain
13	Share applicaton account is in the nattur eof.	Real account Personal account Nominal account None of the above
14	Share capital int he balance sheet is known as.	Asset Liability Income Reserve
15	Debentures holders are.	Creditors of the company Owners of the company Customer of the company None of these

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