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

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1. Which format of the Financial Statements is followed by companies today?
2. The share of profit a shareholder will receive is called
3. Equity Shares of ₹ 10 each were issued at 8% premium to Purchase P&M. Which account will be debited?
4. If vendors are issued fully paid shares of ₹ 1, 25, 000 in consideration of net assets of?1, 50, 000, the balance of ₹ 25, 000 will be credited to
5. To whom dividend is given at a fixed rate in a company?
6. When the issue price and face value are same, the issue is termed as .....
7. Maximum number of members in a private company is:
8. Persons who start a company are called .....
9. Minimum notice for paying call is of
10. A Company is created by:
11. What is the minimum amount of shares that has to be subscribed in an IPO? (Initial Public Offer)
12. Minimum number of directors in Public Ltd. Company are
13. Shares Application &Allotment A/c is a:-
14. The following statements apply to equity/preference shareholders. Which one of them applies only to preference shareholders?
15. Figure out the Order-1. Issued Capital2. Subscribed Capital3. Authorised Capital4. Paid Up Capital5. Called Up Capital
16. When a public limited company raises capital from public, it needs to issue ..... to the public
17. The portion of issued capital which is subscribed by the public is called .....
18. ..... is transferred to Capital Reserve.
19. Promotion Expenses are also known as-
20. Share application a/c Dr to share capitalwhat does this entry mean?
21. When the shares are issued for consideration other than cash which account will be debited
22. When the call money is received by the company, ..... account is credited
23. Amount of discount given at the time of reissue of shares should be debited to:
24. Issue of shares at a price lower than its face value is called:
25. Ltd company took over assets worth Rs. 10, 00, 000 and liabilities of Rs. 3, 00, 000 for purchase consideration worth Rs. 12, 00, 000 how much amount will be debited to goodwill account
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