vu mgt101 Lecture No.37 - Quiz No.3
vu mgt101 Financial Accounting Quiz
This quiz belongs to book/course code vu mgt101 Financial Accounting of vu organization. We have 99 quizzes available related to the book/course Financial Accounting. This quiz has a total of 9 multiple choice questions (MCQs) to prepare and belongs to topic Lecture No.37. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
NVAEducation also facilitates users to contribute in online competitions with other students to make a challenging situation to learn in a creative way. You can create one to one, and group competition on an topic of a book/course code. Also on NVAEducation you can get certifications by passing the online quiz test.
Question 1: __________ can be increased with the prior approval of security and exchange commission.
Preliminary Expenses
Issued Share Capital
authorized shared capital
None of the given
Question 2: Share Premium Account is used to
Write off Preliminary Expenses of the company
Write off the balance amount, in issuing shares on discount
Issue fully paid Bonus Shares
All of the given
Question 3: __________ the amount contributed by share holders plus accumulated profits of the company.
Credit
Debit
Equity
None of the given
Question 4: The amount received in excess of the face value of the shares is transferred to an account called
Issued On Discount
Issued On Profit
Issued at Premium
Share Premium Account
Question 5: Components of companies? financial statements are as follow(s)
Balance Sheet
Profit and Loss Account
Cash Flow Statement
All of the given
Question 6: authorized share capitalis further divided in to smaller denominations called
shares
face value.
Share Certificate
None of the given
Question 8: In Pakistan, Financial Statements of limited companies are prepared in accordance with:
International accounting standards adopted in Pakistan
Companies Ordinance 1984
Both of above
None of the given
Question 9: __________ is further divided in to smaller denominations called shares.
Preliminary Expenses
Issued Share Capital
authorized share capital
None of the given
