Issue of Shares

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Issue of Shares

15 Que, 15 marks

Your Name *

Address *

Contact No *

Mail id *

1- Shareholders get- *

1 point

Interest

Dividend

Commission

Profit

2- Discount on issue of shares is a- *

1 point

Capital Gain

Capital Loss

Revenue Gain

Revenue Loss

3- Premium on issue of shares is a- *

1 point

Capital Gain

Capital Loss

General Profit

General Loss

4- According to the Provisions of Companies Act 203, the maximum no. of members of a private company is limited to- *

1 point

200

100

5- Share Allotment Account is- *

1 point

Personal A/c

Real A/c

Nominal A/c

None of these

6- Discount on issue of share account is shown on the- *

1 point

Debit side of the P/L A/c

Credit side of the P/L A/c

Asset side of the Balance Sheet

Liabilities side of the Balance Sheet

7- The portion of the authorized capital which can be called-up only on the liquidation of the company is called- *

1 point

Issued Capital

Called-up Capital

Uncalled Capital

Reserve Capital

8- Premium on issue of shares can be used for- *

1 point

Issue of Bonus Shares

Distribution of Profit

Transferring to General Reserve

All these

9- If equity share of Rs.10 each is issued at Rs.12 each, it is called- *

1 point

Issued at Par

Issued at Premium

Issued at Discount

None of these

10- Dividend for the shareholders are- *

1 point

Payable Tax amount

Tax-free amount

Interest

None of these

11- The maximum capital beyond which a company is not allowed to raise funds, by issue of shares is called...........- *

1 point

Issued Capital

Reserve Capital

Authorized Capital

Subscribed Capital

12- Interest on calls-advance is paid at the rate of- *

1 point

8% p.a.

12% p.a.

5% p.a.

None of these

13- As per the companies Act, only preference shares, which are redeemable within.....can be issued - *

1 point

24 years

25 years

30 years

20 years

14- which one of the following is the registered capital of the company? *

1 point

Paid-up Capital

Uncalled Capital

Authorized Capital

Issued Capital

15- Dividends are usually paid on- *

1 point

Authorized capital

Issued Capital

Called-up Capital

Paid-up Capital

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