Joint Stock Company MCQs (11-20)

11. A company is managed by?

(a) Owners

(b) Promoters

(c) Directors

(d) Public

Correct! Wrong!

12. If common stock is issued for an amount greater than par value, the excess should be credited to?

(a) Cash

(b) Retained Earnings

(c) Paid-in Capital in Excess of Par Value

(d) Legal Capital

Correct! Wrong!

13. Preliminary expenses are?

(a) Current asset

(b) Current liability

(c) Fictitious asset

(d) None current liability

Correct! Wrong!

14. A document which contains the rules and regulations for the internal management of the company is called?

(a) Articles of association

(b) Prospectus

(c) Memorandum of association

(d) Statement in lieu of prospectus

Correct! Wrong!

15. A company is formed by?

(a) Owners

(b) Promoters

(c) Directors

(d) Government

Correct! Wrong!

16. The word limited should be after the name of?

(a) Chartered company

(b) Statutory company

(c) Registered company

(d) Partnership

Correct! Wrong!

17. Debenture holders are the _____________ of company?

(a) Owners

(b) Creditors

(c) Debtors

(d) Suppliers

Correct! Wrong!

18. Debentures are also termed as?

(a) Certificate of credit

(b) Bonds

(c) Dividend

(d) Bonus

Correct! Wrong!

19. Distribution of earning to the shareholder rest with board or directors, are called?

(a) Reserve

(b) Capital

(c) Income

(d) Dividends

Correct! Wrong!

20. Discount on share is shown in the balance sheet as an?

(a) Liability

(b) Asset

(c) Deduction in paid up capital

(d) Deducted from asset side

Correct! Wrong!

11. A company is managed by?

12. If common stock is issued for an amount greater than par value, the excess should be credited to?

13. Preliminary expenses are?

14. A document which contains the rules and regulations for the internal management of the company is called?

15. A company is formed by?

16. The word limited should be after the name of?

17. Debenture holders are the _____________ of company?

18. Debentures are also termed as?

19. Distribution of earning to the shareholder rest with board or directors, are called?

20. Discount on share is shown in the balance sheet as an?

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