Issue of shares

Liability of a shareholder is limited to ………………… of the shares allotted to him

• Paid up value of the share

• Called up value of the share

• Face value of the share

• Reserve Price

Maximum Number of Members in a private Company

• 7

• 200

• 20

• 150

Shareholders receive from the company

• Interest

• Commission

• Dividend

• Salary

To whom dividend is given at a fixed rate in a company?

• To Equity shareholder

• To Preference shareholder

• To Debenture Holder

• To Promoter

Which shareholders have a right to receive the arrears of dividend from future profits

• Redeemable Preference Shares

• Participating Preference Shares

• Cumulative Preference Shares

• Non-Cumulative Preference Shares

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

• Issued Capital

• Subscribed Capital

• Called up Capital

• Authorised Capital

Which of the following statements is true

• Authorised Capital = Issued Capital

• Authorised Capital > Issued Capital

• Paid up Capital > Issued Capital

• None of the above

According to Companies Act, Minimum Subscription has been fixed at ……….. of the issued amount.

• 60%

• 70%

• 80%

• 90%

4,000 Equity Shares of ₹10 each were issued at 8% premium to Purchase P&M. Which account will be debited?

• Share Capital A/c

• Bank A/c

• P&M A/c

• Security premium A/c

If vendors are issued fully paid shares of ₹1,25,000 in consideration of net assets of ?1,50,000, the balance of ₹25,000 will be credited to

• Statement of Profit and Loss A/c

• Goodwill A/c

• Securities Premium A/c

• Capital Reserve A/c