Question # 1

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

A situtation where a company receives a application for a less number of shares than offered to the public for subscription is termed as.

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Under subscription

Over subscription

General subscription

Above subscription

Normaly the discount on the shares should not exceed from

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Five percent

Eight percent

Twenty percent

Ten percent

The face value of the share is also known as.

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Book value

Par value

Market value

None of these

Kind of company is.

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2

3

4

5

Premium on issue of share is a.

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Capital profit

Business loss

Revenue profit

Revenue loss

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

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At discount

At premium

At par

None of these

Ordinary shares are also known as.

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Equity shares

Deffered shares

Bonus shares

Preference shares

The loss prior to the date of incorporation of a company is.

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Revenue loss

Capital loss

Liability

None of these

A situation where a company receives more application than actual number of shares offered to the public for subscriptions is termed as.

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Oversubscription

Udner subscription

No subscripition

None of these

A situation where a company receives application for a less number of shares than offered to the public for subscription is termed as.

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Oversubscription

Under subscription

No subscription

None of these

The person who take the initaiative in the matter of formation of a company are known as the.

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Promoters

Share holder

Director

Registered

The documents which contains the rules and regulation for the internal management of the company is called.

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Prospectus

Articles of assocaition

Memorandum of association

Notice

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

Share capital int he balance sheet is known as.

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Asset

Liability

Income

Reserve

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

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Share holder

Debenture holder

Under writer

Promoter

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

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