521. If asset are more then liabilities…….
A. Loss
B.Solvency
C.Profit
D. Deficiency
E. Surplus

522. The income through admission fee is treated as:
A. Revenue
B. Capital
C. Liability
D. Profit
E. All of the above

523. The Expenditure and Income account is prepared in:
A. Mid of the year
B. Start of the year
C. End of the year
D. None of the above

524. Legacy is normal treated as:
A. Loss
B. Revenue
C. Income
D. Surplus
E. Capital

525. In the beginning subscription outstanding is shown in which account?
A. Balance sheet
B. Profit and loss account
C.Trading account
D.Income and expenditure account
E. None of the above

526. Specific donation are always written in the?
A. Profit and loss account
B. Income and expenditure account
C. Balance sheet
D. Trading account
E. None of the above

527. A company is established by:
A. Directors
B. Government
C. Promoters
D. Owners
E. A and B

528. The Ordinary shares are also named as:
A. Founder Shares
B. Equity Shares
C. Preference Shares
D. Deferred Shares
E. None of the above

529. 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

530. The power of the company managed by:
A. Memorandum of association
B. Prospectus
C. Shareholders
D. Articles of association

NOTE
IF YOU THINK ANY OF THE MCQ ABOVE IS WRONG.
PLEASE COMMENT WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION IN COMMENT BOX.
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