Objectives of Accounting From book chapters

(1) A company is established by:

a) Directors

b) Government

c) Promoters

d) Owners

e) A and B

(2) The Ordinary shares are also named as:

a) Founder Shares

b) Equity Shares

c) Preference Shares

d) Deferred Shares

e) None of the above

(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) A and B

e) All of the above

(4) The power of the company managed by:

a) Memorandum of association

b) Prospectus

c) Shareholders

d) Articles of association

e) None of the above

(5) Debenture holders are also called:

a) Owner

b) Customer

c) Company

d) Debentures

e) Creditors

(6) In issue of shares normally discount should not exceed then?

a) 8% 

b) 2%

c) 10%

d) 50%

e) All of the above

(7) On the account of company audit is?

a) Restricted

b) As per requirement

c) Optional

d) Compulsory

e) A and B

(8) The holder of debenture is called…..

a) Suppliers

b) Directors

C) Owners

d) General secretary

e) 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

e) Memorandum

(10) In Public limited company how many minium number of members are there?

a) 50

b) 20

c) 17

d) 7

e) All of the above

(11) In Private limited company how many maxium number of members are there?

a) 50

b) 30

c) 11

d) Unlimited

e) Limited

(12) In the balance sheet discount on shares are write in…..

a) Liability

b) Paid up capital

c) Asset

d) Income 

e) None of the above