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Class 12 Accountancy Chapter 4 Accounting For Companies Issue Of Shares Quiz 3 (25 MCQs)

Quiz Instructions

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1. Which shareholders are returned their capital after some specified time:
2. The minimum application money to be paid by an applicant alongwith application money should not be less than ..... of the issue price.
3. Shares issued by a company to its employees or directors in consideration of 'Intellectual Property Rights' are called:
4. Maximum limit of Premium on shares is
5. Reserve Capital is:
6. The portion of authorized capital which is issued to the public is called .....
7. For a public limited company, the maximum number of members are kept as .....
8. When Allotment is made and money is due, the entry will be .....
9. The liability of members in a Company is:
10. Share application a/c ..... Dr To share capital a/c To Bank a/c
11. A preference share that does not carry the right of sharing in surplus profits is called .....
12. In case of private placement of shares, the lock in period is:
13. Which of the following will define, when appropriation of a certain number of shares is made to an applicant in response to his application?
14. Maximum Number of Members in a private Company
15. A Company may issue the shares:
16. A Company allotted 20, 000 shares to applicants of 50, 000 shares after rejecting 10, 000 applications. The ratio in which company allotted the share will be
17. When a company receives applications for more number of shares than what is issued, the situation is called as .....
18. The portion of authorized capital which can be called up only on the liquidation of the company:-
19. Which of the following capital is not shown in the company's Balance Sheet '
20. Dividends are usually paid on:
21. Ralph Ltd. issued 150, 000 shares at Rs. 10 per share with a premium of Rs. 2 per share payable Rs. 3 on application, Rs. 5 on allotment (including premium) and balance on the first call. Applications were received for 120, 000 shares. Calculate the amount received by Ralph Ltd. on application.
22. Which shareholders have a right to receive the arrears of dividend from future profits:
23. When the Issue Price is lower than the Face Value, the issue is termed as .....
24. Preference shareholders have
25. Which one does not belong to the features of company
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