WorksheetsIssue of Shares
Total questions: 16
Worksheet time: 11mins
Dividends are usually paid on:
Authorised Capital
Issued Capital
Called up Capital
Paid Up Capital
As per the Companies Act, 2013, only preference shares which are redeemable within _________ can be issued.
24 Years
25 Years
30 Years
20 Years
Promotion Expenses are also known as -
Preliminary Expenses
Revenue Expenses
Capital Expenses
Answer is not among the Options
Figure out the Order -
1. Issued Capital
2. Subscribed Capital
3. Authorised Capital
4. Paid Up Capital
5. Called Up Capital
2, 3, 5, 1, 4
2, 1, 3, 5, 4
3, 1, 2, 5, 4
3, 2, 1, 4, 5
When a company receives share application money, the entry will be-
Debit Bank a/c ; Credit Share Capital a/c
Debit Share Capital a/c ; Credit Bank a/c
Debit Application a/c ; Credit Bank a/c
Debit Bank a/c ; Credit Share Application a/c
Rate of dividend is fixed in case of ________.
Equity Share Capital
Preference Share Capital
Both the Options are possible
Answer is not among the options provided
Tara Ltd. issued 120,000 shares. The issued was subscribed for 110,000 shares. This is a case of ______.
Full Subscription of Shares
Undersubscription of Shares
Oversubscription of Shares
What is the minimum amount of shares that has to be subscribed in an IPO? (Initial Public Offer)
95%
90%
100%
80%
Which of the following is not a feature of a company?
Limited Liability
Sane Person
Official Signatory
Perpetuity
Ralph Ltd. issued 150,000 shares at Rs. 10 per share with a premium of Rs. 2 per share payable Rs. 3 on application, Rs. 5 on allotment (including premium) and balance on the first call. Applications were received for 120,000 shares. Calculate the amount received by Ralph Ltd. on application.
Rs. 450,000
Rs. 750,000
Rs. 600,000
Rs. 360,000
Which format of the Financial Statements is followed by companies today?
Schedule II of the Companies Act, 2013
Schedule III of the Companies Act, 1956
Schedule II of the Companies Act, 1956
Schedule III of the Companies Act, 2013
Where will Incorporation Expenses be shown in the Financial Statements of a Company?
Income Statement
Position Statement
Cash and Cash Equivalents
Current Assets
The minimum application money to be paid by an applicant alongwith application money should not be less than ___ of the issue price.
25%
20%
15%
30%
When Shares are issued at a premium, the same will be credited to ________ a/c.
Share Capital
To the Particular Call
Securities Premium
Capital Reserve
What are the types of share capital? Check all that apply.
Issued Capital
Equity Share Capital
Called Up Capital
Paid Up Capital
Preference Share Capital
What is the Full Form of SEBI?
Securities Exchange Beureau of India
Shares Exchange Board of India
Securities Exchange Board of India
None of the options are correct
