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Class 12 Accountancy Chapter 4 Accounting For Companies Issue Of Shares Quiz 1 (25 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. Which of the following is not a feature of a company?
23. Who are the real owners of a company?
24. Public subscription of shares include:
25. A Company in which the maximum number of members is restricted is called .....
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