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Accounting of Shares

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

Share Capital means

a)

Raised by issue of shares

b)

Claimed by calling the shares

c)

Amiunt paid by the shareholders

2.

Uncalled capital means

a)

Balance of authorized capital

b)

Amount Collected later from public when required

c)

Part of Called up capital

3.

Is Reserved Capital a part of

a)

Unsubscribed capital

b)

Uncalled capital

c)

Subscribed capital

d)

Authorized Capital

4.

Capital Reserve Created out of

a)

Super profit

b)

Average profit

c)

Capital profit

d)

Normal profit

5.

Payment of Dividend will be received first by

a)

Equity shareholders

b)

Cumulative preference shareholders

c)

Preference shareholders

d)

Debentures

6.

Who is entitled to Participate in management?

a)

Equity shareholder

b)

Preference shareholders

c)

Debenture shareholder

d)

Manager

7.

According to SEBI, minimum subscription has been fixed at ------------.

a)

60% of issued amount

b)

50% of issued amount

c)

90% of issued amount

8.

Can shares be issued at discount?

a)

No

b)

Yes

9.

Shares issued at par means

a)

Issued at face value

b)

Issued at amount equal to face value

10.

The premium on share means the value of difference between

a)

issue price and face value of share

b)

Fixed price and issue price

c)

More than the face value of share