Question # 1

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

Kind of company is.

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2

3

4

5

The part of the issued capital which has been taken up or subscribed by the public is called

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Issued capital

Authorized capital

Subscribed capital

Paid up capital

The owner wquity in a company is commonly called.

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Shareholder equity

promotors equity

Directors equity

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 profit earned prior to the date of incorporatin is.

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Revenue profit

Capital profit

Capital gain

Revenue gain

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

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

Normaly the discount on the shares should not exceed from

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Five percent

Eight percent

Twenty percent

Ten percent

Unclaimed dividend is shown as.

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Asset

Liability

Deduction from paid up capital

None of these

In case of private company minimum numebr of sharaeholders are.

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Six

Seven

Ten

Two

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

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

The shares of public limited company are.

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Not refundable

Not tanserable

Transferable

No allotable

Joint stock company is an Artificaial person created by

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Law

Federal Govt

Registrar

Employees

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

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

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