Principles of Accounting-II

The Capital of a company is divided into a number of units of fixed value. Each unit is called a ______________

• Dividend

• Interest

• Share

• Debenture

The maximum amount of capital wich a company is authorized to raise from the public by the issue of shares is known as _________

• Issued Capital

• Authorized Capital

• Subscribed Capital

• Paid-up-Capital

In a Private Company, the maximum number of member is ________

• 50

• 20

• Unlimited

• 10

________________ is a written invitation made to the public to subscribe the shares

• Partnership Deed

• Contract

• Articles of Association

• Prospectus

When the shareholders are called to pay the full amount of shares at the time of application, it is called the issue of shares on ________________ basis

• Lump Sum

• Installment

• Agreed

• None of above

The value stated on a share certificate is called _________

• Premium Value

• Discount Value

• Face Value

• Redeemed Value

When a share is issued at a price which is more than the par value it is called issue of share at ________

• Par

• Discount

• Premium

• All of above

Uncalled installments received by a company in advance from its shareholders is called _______

• Calls-in-Arrears

• Calls-in-Advance

• Minimum Subscription

• Under Subscription

The amount which must be raised by the company to meet necessary conditions is known as __________

• Rejection

• Acception

• Pro-Rata

• Minimum Subscription

The confiscation of shares is known as ____________

• Bonus Shares

• Right Shares

• Re-issue of Shares

• Forfeiture of Shares