WorksheetsCORPORATE ACCOUNTING
Total questions: 13
Worksheet time: 7mins
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
Shareholders receive from the company :
Interest
Commission
Dividend
Equity shareholders are :
Creditors of the company
Owners of the company
Customers of the company
Which one of the following is the registered capital of the company ?
Paid-up capital
Uncalled capital
Authorised capital
