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Class 12 Accountancy Chapter 4 Accounting For Companies Issue Of Shares Quiz 1 (60 MCQs)

Quiz Instructions

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1. Capital included in the Total of Balance Sheet of a Company is called
2. Nominal Share Capital is
3. Issue of shares at a price higher than its face value is called:
4. The portion of the capital which can be called-up only on the winding up of the Company is called
5. According to Companies Act, Minimum Subscription has been fixed at ..... of the issued amount.
6. Based on the issue price, the share issue can be divided in to .....
7. Shareholders receive from the company
8. Rate of dividend is fixed in case of .....
9. When a company issues shares to the vendor for the Asset purchase, the issue is termed as .....
10. When Allotment money is received, the entry will be .....
11. If 500 shares forfeited (amount received ₹ 1, 500), and 400 reissued @ ₹ 8 (FV 10), Capital Reserve =
12. A Co. has issued 6, 000 equity shares of. Rs. 10 each at par and called up amount Rs. 6 per share. The remaining part of capital is termed as
13. When a company acquired the business of another company, the difference between Purchase Consideration and the net asset acquired is debited to .....
14. The minimum subscription for public issue as per SEBI guideline is ..... of the issued amount
15. A share in the share capital of company is called .....
16. Which type of company is prohibited to raise capital from public
17. To whom the dividend is given at a fixed rate in a company?
18. Maximum amount of capital that a company is allowed to raise is called .....
19. As per the Companies Act, 2013, only preference shares which are redeemable within ..... can be issued.
20. When the share call is made and money is due from shareholders, the entry will be .....
21. Shareholders are:
22. Who are the real owners of a company?
23. Public subscription of shares include:
24. A Company in which the maximum number of members is restricted is called .....
25. When a company receives applications for less number of shares than what is issued, the situation is called as .....
26. A Company may issue .....
27. The portion of subscribed capital which is called for payment by the company is called .....
28. What is the Full Form of SEBI?
29. When a company receives share application money, the entry will be-
30. Liability of a shareholder is limited to ..... of the shares allotted to him:
31. The portion of called-up capital for which the shareholders made payment is called .....
32. Preference shares, in case the holders of these have a right to convert their preference shares into equity shares at their option according to the terms of issue, such shares are called:
33. Based on the consideration obtained on the share issue, the issue is classified as .....
34. A company has .....
35. ..... account is credited when application money is transferred
36. The capital of a company is divided into units which are called:
37. Year of the latest Companies Act
38. Tara Ltd. issued 120, 000 shares. The issued was subscribed for 110, 000 shares. This is a case of .....
39. Reserve Capital is also known by:
40. When Shares are issued at a premium, the same will be credited to ..... a/c.
41. The shares on which there is no any pre-fixed rate of dividend is decided, but the rate of dividend is fluctuating every year according to the availability of profits, such share are called:
42. When a company issues shares to the public for the first time, the issue is called as .....
43. Maximum amount Share Capital that a company can raise will be stated in the ..... of Memorandum of Association
44. A company issued 6, 000 shares of Rs. 10 each money to be called up:-On application Rs. 3 on allotment Rs. 3 on first call Rs. 2 and remaining on second call. On allotment one shareholders having 100 shares paid full amountThe amount collected on allotment .....
45. Where will Incorporation Expenses be shown in the Financial Statements of a Company?
46. X ltd. Forfeited 1, 000 shares of Rs. 10 each for the non-payment of final call of Rs. 2. The account will be debited for called up price of a share at the time of forfeiture of shares:
47. When Share Application Money is received, ..... account is credited
48. When the issue price is higher than the face value, the issue is termed as .....
49. Which shareholders are returned their capital after some specified time:
50. The minimum application money to be paid by an applicant alongwith application money should not be less than ..... of the issue price.
51. Shares issued by a company to its employees or directors in consideration of 'Intellectual Property Rights' are called:
52. Maximum limit of Premium on shares is
53. Reserve Capital is:
54. The portion of authorized capital which is issued to the public is called .....
55. For a public limited company, the maximum number of members are kept as .....
56. When Allotment is made and money is due, the entry will be .....
57. The liability of members in a Company is:
58. Share application a/c ..... Dr To share capital a/c To Bank a/c
59. A preference share that does not carry the right of sharing in surplus profits is called .....
60. In case of private placement of shares, the lock in period is:
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