12th Class ICom Part 2 Principles of Accounting Chapter Wise Online MCQ Test with answers PDF English Medium

Principles of Accounting Icom Part 2 English Medium Online Test

Sr. #	Questions	Answers Choice
1	The amount of share capital which a company is authroxzed to raise is called.	Subscribed capital Issued capital Authorized capital Paid up capital
2	The sum total of the nominal vaue of shares of company is called is.	Issued capital Subscribed capital Share capital Called up capital
3	The toal amount of capital, in case of company is divided into small units, these units are called.	Bonds Cheque Share Reserve
4	A company comes into existence when the registrar issue the	Prospectus Certificate of incorporation statement in Lieu of prospectus Companies ordinance
5	A prospectus for subscription of shares can be issued only by.	Public company A private company Both public and private company None of these
6	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
7	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
8	The person who take the initaiative in the matter of formation of a company are known as the.	Promoters Share holder Director Registered
9	The shares of public limited company are.	Not refundable Not tanserable Transferable No allotable
10	The powers of company are governed by the.	Sharehoders Memorandum of association Prospectus Articles of association
11	The liability of the shareholder of a public limited company is.	Unlimited Limited Compulsory None of these
12	In case of private company minimum numebr of sharaeholders are.	Six Seven Ten Two
13	The maximum number of memebr in case of private limited comapny can be.	Forty Fifty Sixty No restriction on maximum number
14	In case of public company minimum number of members is.	Six Seven Ten Fifty
15	The maximum number of member in case of public limited company can be	Forty Fifty Sixty No restriction on maximum number

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