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	A prospectus for subscription of shares can be issued only by.	Public company A private company Both public and private company None of these
2	The charter of the company containing the objects of whihc for company is being formed is called.	Articles of association Prospectus Memorandum of associaton Notice
3	The documents which contains the rules and regulation for the internal management of the company is called.	Prospectus Articles of assocaition Memorandum of association Notice
4	The person who take the initaiative in the matter of formation of a company are known as the.	Promoters Share holder Director Registered
5	The shares of public limited company are.	Not refundable Not tanserable Transferable No allotable
6	The powers of company are governed by the.	Sharehoders Memorandum of association Prospectus Articles of association
7	The liability of the shareholder of a public limited company is.	Unlimited Limited Compulsory None of these
8	In case of private company minimum numebr of sharaeholders are.	Six Seven Ten Two
9	The maximum number of memebr in case of private limited comapny can be.	Forty Fifty Sixty No restriction on maximum number
10	In case of public company minimum number of members is.	Six Seven Ten Fifty
11	The maximum number of member in case of public limited company can be	Forty Fifty Sixty No restriction on maximum number
12	A company in which memebr gives a guarantee to contribute a specified sum to the company of its being wound up is called.	Limited company Un limited company Company limited by guarantee Chartered company
13	The company formed by teh means of Royal Charter is called.	Public limited company Private limited company Charterd company Registered company
14	Joint stock company is an Artificaial person created by	Law Federal Govt Registrar Employees
15	The joint stock company is formed under companies ordiance.	1984 1974 1884 1962

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