Objectives of Accounting From book chaptersBy: Prof. Dr. Fazal Rehman | Last updated: May 21, 2025 12 Score: 0 Attempted: 0/12 Subscribe 1. : A company is established by: (A) Directors (B) Government (C) Promoters (D) Owners 2. : The ordinary shares are also named as: (A) Founder Shares (B) Equity Shares (C) Preference Shares (D) Deferred Shares 3. : The company which is maintained by the group of persons is called: (A) Group of members (B) Team of shareholders (C) Board of directors (D) All of the above 4. : The power of the company is managed by: (A) Memorandum of association (B) Prospectus (C) Shareholders (D) Articles of association 5. : Debenture holders are also called: (A) Owner (B) Customer (C) Company (D) Creditors 6. : In the issue of shares, normally the discount should not exceed then: (A) 8% (B) 2% (C) 10% (D) 50% 7. : On the account of company audit is: (A) Restricted (B) As per requirement (C) Optional (D) Compulsory 8. : The holder of debenture is called: (A) Suppliers (B) Directors (C) Owners (D) Creditor 9. : The invitation to the public for the purchase of shares privately is called? (A) Audit report (B) Articles of association (C) Prospectus (D) Articles of association 10. : In a public limited company, how many minimum number of members are there? (A) 50 (B) 20 (C) 17 (D) 7 11. : In a private limited company, how many maximum number of members are there? (A) 50 (B) 30 (C) 11 (D) Unlimited 12. : In the balance sheet, the discount on shares is written in: (A) Liability (B) Paid-up capital (C) Asset (D) Income Related Posts:Objectives of Principle of Accounting from book chaptersObjectives of Biology From Book ChaptersObjectives Of Islamiat From Book ChaptersBio Multiple Choice Questions from book chaptersSoftware testing MCQ'S for book chaptersBiology MCQS From Book Chapters