WorksheetsIssue of Share Part 1
Total questions: 20
Worksheet time: 3hrs 20mins
Who are the real owners of a company?
Government
Board of Directors
Equity shareholders
Preference sharejolders
The capital of a company is divided into units which are called :
Debenture
Share
Stock
Bond
Shareholders receive from the company :
Interest
Profit
Commission
Dividend
To whom the dividend is given at a fixed rate in a company?
To equity shareholders
To preference shareholders
To debenture holders
To promoters
Preference shareholders have
Preferential right as to dividend only
Preferential right in the management
Preferential right as to repayment of capital at the time of liquidation of the company
Preferential right as to dividend and repayment of capital at the time of liquidation of the Company
The shares on which there is no pre-fixed rate of dividend is decided, but the rate of dividend is fluctuating every year according to the availability of profits, such shares are called :
Equity Share
Non-cumulative preference share
Non-convertible preference share
Non-participating preference share
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
What is the minimum amount of shares that has to be subscribed in an IPO? (Initial Public Offer)
95%
90%
100%
80%
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
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
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
share application a/c Dr
to share capital
what does this entry mean ?
Receipt of application money
refund of application money
transfer of application money
Shares Application &Allotment A/c is a:-
Personal
Real
Nominal
The portion of authorized capital which can be called up only on the liquidation of the company :-
Authorised capital
Reserve capital
Issued capital
Called up capital
A Company allotted 20,000 shares to applicants of 50,000 shares after rejecting 10,000 applications. The ratio in which company allotted the share will be
5:2
5:3
2:1
3:1
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
The application money should be refund within _______ days from the closure of the issue.
30 days
7 days
15 days
45 days
