Question # 1

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

Dividend is calculated on.

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Registered capital

Issue Capital

Paid up Capital

Subscribed Capital

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

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

Ordinary shares are also known as.

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Equity shares

Deffered shares

Bonus shares

Preference shares

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

The profit earned prior to the date of incorporatin is.

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Revenue profit

Capital profit

Capital gain

Revenue gain

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 prospectus for subscription of shares can be issued only by.

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Public company

A private company

Both public and private company

None of these

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

The debentures which does not carry any charges o the assets of the company.

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Simple debentures

Mortagage debentures

Redeemable debentures

None of these

Share applicaton account is in the nattur eof.

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Real account

Personal account

Nominal account

None of the above

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

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

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

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