Share Capital

Equity shareholders are:

• creditors
• owners
• directors
• none

The portion of the capital which can be called-up only on the winding up of the company is called:

• authorised capital
• uncalled capital
• reserve capital
• issued capital

When the shares are issued for consideration other than cash which account will be debited

• Securities Premium

• Capital Reserve A/c

• Vendor A/c

• Share Capital A/c

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

• Called up Capital

• Paid up Capital

• uncalled Capital

• Subscribed Capital

When shares are forfeited, Share Capital Account is debited with

• a.  Nominal values of shares 
• b. Called-up values of shares 
• c. Paid-up values of shares 
• d. Market value of shares

Equity share capital is classified as ------------. 

• a)  Ownership fund 
• b) Borrowed Fund 
• c) Reserve Fund 
• d) Sinking Fund

Separate legal entity is not a feature of a company

• True
• False

Securities premium A/c is shown under the head ……………………

• SHARE CAPITAL
• NON CURRENT LIABILITY
• NON CURRENT ASSETS
• RESERVES AND SURPLUS

Shares cannot be issued at ……………….. by a new company.

• par
• premium
• zero
• discount

Share capital of a company is divided into small units. Every unit is known as a __________.