Quiz 6.3.2023

Alteration of share capital is effected by a company if it is authorised by the

• Memorandum of Association

• Articles of Association

• Shareholders

• Board of directors

The capital reduction scheme can be implemented only after getting permission from

• Central govt

• Controller of capital issues

• Share holders

• The competent court

In case of sub-division of share capital, the total numbers of shares

• Does not change

• Decreases

• Increases

• Decreases proportionately

When a company converts its equity shares into the capital stock,then the account to be credited is

• Preference share capital a/c

• Equity share capital a/c

• Equity capital stock a/c

• No entry is required

After writing off of all accumulated losses,the balance in capital reduction a/c,if any,should be transferred to

• Share capital a/c

• Capital reservea/c

• General reserve a/c

• Good will a/c