Question # 1

A company in which memebr gives a guarantee to contribute a specified sum to the company of its being wound up is called.

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Limited company

Un limited company

Company limited by guarantee

Chartered company

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

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Share holder

Debenture holder

Under writer

Promoter

Ordinary shares are also known as.

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Equity shares

Deffered shares

Bonus shares

Preference shares

The sum total of the nominal vaue of shares of company is called is.

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Issued capital

Subscribed capital

Share capital

Called up capital

Kind of company is.

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2

3

4

5

The debentures which are payable to bearere, are termed as.

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None transfereble

Registered debentures

Bearer debentures

Non - bearere debentures

The amount of share capital which a company is authroxzed to raise is called.

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Subscribed capital

Issued capital

Authorized capital

Paid up capital

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

Normaly the discount on the shares should not exceed from

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Five percent

Eight percent

Twenty percent

Ten percent

The maximum number of memebr in case of private limited comapny can be.

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Forty

Fifty

Sixty

No restriction on maximum number

Share capital int he balance sheet is known as.

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Asset

Liability

Income

Reserve

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

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

The face value of the share is also known as.

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Book value

Par value

Market value

None of these

The liability of the shareholder of a public limited company is.

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Unlimited

Limited

Compulsory

None of these

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

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

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