CORPORATE ACCOUNTIN FINTECH 3

Preference shares can be redeemed -------

• Only if they are fully paid
• ) Even if they are partly paid up
• After getting the Court permission
• All of the above

Bonus shares are issued to -----

• Debenture holders
• Preference shareholders
• Public
• Existing shareholders

Issue of additional bonus shares is credited to ---------

• Investment account
• Deposit account
• Paid up capital
• Authorized capital

Bonus shares are additional shares given to the existing shareholders -------

• With additional cost
• Without any additional cost
• At dealing price
• At market value

Interest on Debentures is payable only when there are ------

• Profis
• Loss
• Either A or B
• None of these

Debenture is a part of ------

• Owned Capital
• Loan
• Both
• None of these

Debenture holders are --------- of the Company

• Members
• Donors
• Debtors
• Creditors

Share allotment account is a ------------------.

• Personal Account
• Real Account
• Nominal Account
• Impersonal Account

Premium on issue of shares can be used for -----------.

• distribution of dividend
• writing off capital losses
• transferring to general reserve
• paying fees to directors

Interest on calls in arrears is transferred to -------------.

• debit side of p&L a/c.
• credit side of P&L a/c
• . liability side
• asset side