Question # 1

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

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

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

Premium on issue of share is a.

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Capital profit

Business loss

Revenue profit

Revenue loss

Normaly the discount on the shares should not exceed from

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Five percent

Eight percent

Twenty percent

Ten percent

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 debentures which are repayable at the end of a specified period are termed as.

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Redeemeble debentures

Irredeemable debentures

Repayable debetures

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 dividend paid to the shareholders during the finaincial year is.

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Final dividend

Interim divident

Unclaimed divident

Proposed dividend

Registered company is

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2

3

4

5

Debentures holders are.

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Creditors of the company

Owners of the company

Customer of the company

None of these

The value of the share as quoted on the stock exchange is said to be

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Par value

Book value

Cost value

Market value

The rules and regulation foverning the internal management and administration of the company are called.

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Memorandum of assocaition

Articles of association

Prospectus

None of these

Kind of company is.

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2

3

4

5

The profit earned prior to the date of incorporatin is.

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Revenue profit

Capital profit

Capital gain

Revenue gain

The powers of company are governed by the.

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Sharehoders

Memorandum of association

Prospectus

Articles of association

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

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