Organizer: Department of Commerce and Management Studies, St. Joseph’s Degree College, Sunkesula Road, Kurnool.
About the Quiz
- Participated in Online Quiz on Corporate Accounting on the eve of 1ST ANNIVERSARY OF LATE SRI.B.RAJASEKHAR.
- Start Date: 19 March 2025
- Free Participants
- Open to All
- Certificate will be Provided on ur Email Id.
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Kotha Nagaraju: 9290041175
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100% Correct Answer Here
The capital, which is offered to the public for subscription is called
*
Authorised
Issued
Paid up
Called up
- Called up share less calls in arrears _
*
Authorised
Issued
Paid up
Called up - When shares are forfeited, Share Capital account is debited by
*
Face value of shares
Called up value of shares
Paid up value of shares
Unpaid value of shares - Darpan Ltd. reissued 2,000 shares, which were forfeited by crediting Share forfeiture account by Rs.3,000. These shares were reissued at Rs.9 per share. The amount to be transferred to Capital Reserve account will be __
*
Rs.3,000
Rs.2,000
Rs.1,000
Nil
- Share Capital of company shown in memorandum of association is
*
Authorized capital
Nominal capital
Registered capital
All of the above - Part of authorized capital that has not bee issued is called
*
Issued capital
Subscribed capital
Called up capital
Unissued capital
- Issue of shares at a price equal to the face value is called
*
Issue at discount
Issue at premium
Issue at par
Issue at loss
8.Share Application Account is in the nature of
*
Real account
Personal account
Nominal accout
None of the above
- Interest on calls-in arrears is charged as per Table F at
*
6% p.a
5% p.a
10% p.a
12% p.a
- Pro-rata allotment of shares is made when there is
*
Under Subscription
Over Subscription
Equal Subscription
As and when desired by directors
- Shares can be forfeited
*
For Non- Payment of call money
For a failure to attend AGM
For a failure to send proxy form
None of the above
12.Maximum buy back limit in any year is _ of total paid up equity capital and free reserves.
*
25%
10%
20%
No Limit
- A Debenture Holder is entitled to
*
Fixed dividend
Share in profits
Voting rights in the company
Interest at the fixed rate
- Debentures of a Company can be issued :
*
For cash
For consideration other than cash
As a collateral security
Any of the above
- A Ltd. issued 1,000, 10% debentures of ₹100 each at a premium of 5%. What will be the total amount of interest for one year
*
Rs.10,500
Rs.10,000
Rs.5,250
Rs.5000
- Those shares which are issued out of accumulated or undistributed profits of the company, free of cost, to the existing shareholders are called
*
Bonus shares
Right shares
Sweat equity shares
None of the above
- Vikram Ltd. Issued 20,000 Equity shares of Rs. 10 each at a premium of Rs.3 payable as follows: On Application Rs. 4 On Allotment Rs. 5 (including Securities Premium) On First Call Rs. 2 On Final Call Rs. 2 All shares were duly subscribed and all money duly received. The amount to be credited to securities premium Account
*
Rs. 1,00,000
Rs. 80,000
Rs. 60,000
Rs. 40,000
- Under which section of Companies Act 2013, a company can buyback its own shares?
*
68
81
62
None of the above
- The term current asset doesn’t cover
*
Car
Debenture
Stock
Prepaid expenses
- Bonus shares are issued by…………………… free reserves
*
Generalizing
Capitalizing
Equalizing
None of the above
- Shareholders get:
*
Interest
Dividend
Creditors
Partners
- Debenture Holders are the…. of the company
*
Owners
Customers
Creditors
Partners - Dividends are usually paid as a percentage of
*
Authorized capital
Net profit
Paid up capital
Called up capital - Goodwill is shown in company’s balance sheet under the head
*
Fixed assets
Investments
Misecellaneous expenditure
Current assets
- Super Profit is the difference between
*
Capital employed and average capital employed
Actual Average Profit and Normal Profit
Current year profit and last year profit and
None of the above