Corporate Accounting SYBCom Sem III Test I

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Internal Test Examination Nov.2020 .
Total Marks 20

Name of Student *

Class *

Mobile No. *

e.mail.address *

1.The portion of the capital which can be called-up only on the winding up of the Company is called *

2 points

A Authorised Capital

B Called up Capital

C Cancalled Capital

D Reserve Capital

2. Capital included in the Total of Balance Sheet of a Company is called *

2 points

A Issued Capital

B Subscribed Capital

C Called up Capital

D Authorised Capital

3. Premium received on issue of shares is shown on----------- *

2 points

A. asset side of the balance sheet

B. liability side of the balance sheet

C. credit side of the P&L a/c.

D. debit side of the P & L a/c

4. Cancelation of shares mean------ *

2 points

A. Reissue of shares

B. Valuation of shares

C. Forfeiture of shares

D. Allotment of shares

5. To issue shares on Par mean. -- *

2 points

A. Issue on face value of shares

B. Issue on more than face value of shares

C. Issue on less than face value of shares

D. Initial public offer

6. As per SEBI Guideline minimum Application money shall not be less than --------------------- *

2 points

A. 25% of Issue price

B. 10% of Issue price

C. 20% of Issue price

D. 6% of Issue price

7. Debenture holder are____________ *

2 points

A. Creditor Of Company

B. Debtor of Company

C. Owner of Company

D. Members of Company

8. The profit on the reissue of forfeited share are transferred to ---------------- *

2 points

A. Capital A/ c

B. Capital Reserve

C. Profit & Loss A/c

D. General Issues

9. Bonus shares can be issued by a company -----------------------

2 points

A. Out of the Reserves created by revaluation of fixed assets

B. Out of share premium not collected in cash

C. Without any provision for it in the Articles of Association of the company

D. Out of free reserves built out of genuine profit

Clear selection

10. Application form bearing the stamp of the underwriter are termed as --------------- *

2 points

A. Unmarked application

B. Marked application

C. Non marked application

D. None of the above

Submit

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