Practise 29 real Federal Board questions on Company Accounts from 2023 to 2026. See the answer and explanation as soon as you answer.
Company Accounts is one of the 10 main chapters in our Federal Board I.Com Accounting question bank (12th class), and about 8% of its real questions come from it. Tayyari Karo has 29 real questions on this chapter from 2023 to 2026; 16 are multiple choice and marked instantly, and the rest are short and long questions with a model answer. By difficulty: 17 easy, 10 medium, 2 hard.
Work through the questions below, then open the explanation for each one. Redo the ones you missed a few days later.
These are real past-paper questions. Think of your answer first, then open the explanation.
The document which contains the rule and regulations for the internal management of company is called:
Answer: A. Articles of association
The Articles of Association lay down the rules and regulations for a company's internal management and administration.
The value of a share as quoted on the stock exchange, is called:
Answer: D. Market value
Market value is the price at which a share is actually bought/sold on the stock exchange, which may differ from its face or book value.
The official signature of the company are called:
Answer: C. Common seal
The common seal is the official signature/stamp of a company, used to authenticate important documents on the company's behalf.
One of the units into which the capital of the company is divided is called:
Answer: B. Share
A share is one of the equal units into which a company's total share capital is divided.
If shares are issued at face value by a company then it is called:
Answer: A. Shares issued at par
Shares issued at their nominal (face) value, with no premium or discount, are said to be issued at par.
Company does not receive the applications for all shares issued in:
Answer: A. Under subscription
Under-subscription occurs when the number of shares applied for is less than the number of shares offered/issued by the company.
Write any three types of companies capital. (only names)
Three types of a company's share capital: (1) Authorized (Nominal/Registered) Capital, (2) Issued Capital, (3) Paid-up Capital. (Others include Subscribed Capital and Called-up Capital.)
Write names of important legal documents of joint stock company. (only names)
Important legal documents of a joint stock company: (1) Memorandum of Association, (2) Articles of Association, (3) Prospectus, (4) Certificate of Incorporation, (5) Certificate of Commencement of Business (for a public company).
| Session | Questions |
|---|---|
| 2026 Annual | 6 |
| 2025 1st Annual | 6 |
| 2025 2nd Annual | 6 |
| 2024 Annual | 5 |
| 2023 Annual | 6 |
29 real Federal Board (FBISE) Accounting questions on Company Accounts from 2023 to 2026, for 12th class. Each one shows the session it came from.
No. We could not find an official FBISE marking scheme for these papers, so the answers and explanations are written by Tayyari Karo for practice. Check anything important with your teacher or textbook.
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