CUET Accountancy Mock Test Unit V Accounting for Share and Debenture Capital Set A

1. Minimum number of members in a Private Company

2. A company is

3. Minimum subscription in case of public company

4. The balance of share forfeited account after the reissue of forfeited shares is transferred to

5. Which of the following statement is false:

6. Share capital of a company can be divided into

7. Permission from central government to issue share capital is required if Nominal capital exceeds

8. Which of the following reserves which can be utilised to make partly paid shares into fully paid up

9. Penalty for delay in refunding application money

10. Which capital is to be stated in the Memorandum of Association of a company?

11. Technique used for marketing a public offer of equity shares of a company is called book building process.

12. Liability of a shareholder is limited to _____ of the shares allotted to him:

13. Capital of a Company is divided in units which is called :

14. On an equity share of Rs.10 the company has called up Rs.8 but Rs.6 have been received by the company is forfeited, the capital account should be debited by:

15. Using information given in above question, what is the net balance in Share Forfeiture Account:

16. If vendors are issued fully paid shares of Rs. 1,25,000 in consideration of net assets of Rs. 1,50,000, the balance of Rs.25,000 will be credited to :

17. Unless otherwise stated, a preference share is always deemed to be :

18. To whom dividend is given at a fixed rate in a company?

19. E Ltd. had allotted 10,000 shares to the applicants of 14,000 shares on pro-rata basis. The amount payable on application was Rs.2. F applied for 420 shares. The number of shares allotted and the amount carried forward for adjustment against allotment money due from F will be :

20. Interest on calls in arrears is charged according to Table F at: