Issue of Shares

JavaScript isn't enabled in your browser, so this file can't be opened. Enable and reload.

Issue of Shares

20 Que, 20 marks

Your Name *

Address *

Contact No *

Mail id *

1- Company can utilize securities premium for- *

1 point

Writing off Loss incurred on revaluation of asset

Issuing fully Paid bonus shares

Paying dividend

Writing off Trading Loss

2- When a company issued fully paid shares to promoters for their services, the journal entry will be- *

1 point

Bank A/c Dr., To Share Capital A/c

Goodwill A/c Dr., To Share Capital A/c

Promoters Personal A/c Dr., To Share Capital A/c

Promotion Expenses A/c Dr., To Share capital A/c

3- When a Company issues shares at a premium, amount of premium may be received by the company- *

1 point

Along with application money

Along with allotment money

Along with calls

Along with any of the above

4- Share Application A/c is- *

1 point

Personal Account

Real Account

Nominal Account

None of these

5- Under the Provision of Companies Act, a company can issue- *

1 point

Only Equity Shares

Only Preference Shares

Preference Shares & Equity Shares

Preference Shares, Equity Shares and Deferred Shares

6- Total amount of liabilities side includes the following- *

1 point

Authorized Capital

Issued Capital

Subscribed Capital

Paid-up Capital

7- Securities premium can not be applied- *

1 point

For paying dividend to member

For issuing bonus shares to members

For writing off preliminary expenses of a company

For writing off discount on issue of debentures

8- Right shares are the shares which- *

1 point

Are issued to directors of the company

Are issued to existing shareholders of the company

Are issued to promoters in consideration of the company

Are issued to vendors for purchasing assets

9- A company can not issue its shares at discount under the provisions of which section of Companies Act, 2013- *

1 point

10- Money received in advance from shareholders before it is actually called by the company is- *

1 point

Debited to Calls-in-Arrear Account

Credited to Calls Paid-in-Advance Account

Debited to Calls Paid-in-Advance Account

None of these

11- Equity Shareholders are- *

1 point

Creditors of the company

Owners of the company

Customers of the company

None of these

12- A company issues its shares at a premium under which section of the Indian Companies Act, 1956? *

1 point

13- Equity shareholders of company are- *

1 point

Bankers

Creditors

Debtors

Owner

14- Reserve Capital means- *

1 point

A part of Subscribed uncalled capital

Reserve Profit

A part of Capital Reserve

A part of Capital Redemption Reserve

15- Securities premium is shown under which head in the Balance Sheet? *

1 point

Reserve & Surplus

Miscellaneous Expenditure

Current Liabilities

Share Capital

16- Shares may be issued- *

1 point

At Par Value

At Premium

At Discount

All the above

17- Capital Included in the liabilities of a company is called- *

1 point

Authorized Capital

Issued Capital

Subscribed Capital

Paid-up Capital

18- What are the conditions of Buy-back of Shares? *

1 point

All the buy-back shares should be fully paid-up

The buy-back of should not exceed 25% of the total paid-up capital and free reserve of the company

Articles of Association of the company authorize it to do so

All of the above

19- An issue of shares which is not a public but offered to a selected group of persons is called- *

1 point

Public Offer

Private Placement of Shares

Initial Public offer

None of these

20- Which is included in Escrow Account? *

1 point

Cash Deposit in a Commercial Bank

Bank guarantee in favor of a merchant bank

Deposit of securities with appropriate margin

All of above

Submit

Clear form

Never submit passwords through Google Forms.

This content is neither created nor endorsed by Google. Report Abuse - Terms of Service - Privacy Policy

Forms