CORPORATE ACCOUNTING

According to Companies (Amendment) Act 2000, a company limited by share can

issue _________ kinds of shares.

• 1

• 2

• 3

The public issue must be kept open for atleast

• 3 days

• 5 days

• 7 days

The maximum calls that a company can make is

• one

• two

• three

The part of the authorised capital not offered for subscription to the public is known as _________

• Unissued capital

• called up capital

• reserve capital

Calls-in-arrears is shown in the Balance Sheet as

• deduction from called up capital

• addition to paid up capital

• addition to issued capit

Securities premium will appear in the _______side of the Balance Sheet.

• Asset

• Liability

• Assets & Liability

Share application and allotment account is a:

• Personal account

• Real account

• Nominal account

Minimum number of members in case of public company is---------.

• 4

• 5

• 7

Maximum number of members in public limited company is ---------------.

• 10

• 20

• unlimited

A company has ……………

• Separate Legal Entity

• no legal entity

• none of the above