WorksheetsCorporate Accounting - Formation of Company
Total questions: 27
Worksheet time: 18mins
A company has ……………
Separate Legal Entity
no legal entity
none of the above
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
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
Which one of the following is the registered capital of the company ?
Paid-up capital
Uncalled capital
Authorised capital
The part of the authorised capital not offered for subscription to the public is known as _________
Unissued capital
called up capital
reserve capital
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
The maximum calls that a company can make is
one
two
three
Securities premium will appear in the _______side of the Balance Sheet.
Asset
Liability
Assets & Liability
Shareholders receive from the company :
Interest
Commission
Dividend
Equity shareholders are :
Creditors of the company
Owners of the company
Customers of the company
The shares which are offered to the existing shareholders are called
for paying dividends to member
for issuing bonus share to member
for writing off preliminary expenses of the company
for writing off discount on issue of debentures
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
Allotment shall be done within ______ days after receiving application money
15
50
60
45
A Co. has issued 6,000 equity shares of. Rs. 10 each at par and called up amount Rs. 6 per share. The remaining part of capital is termed as
Called up Capital
Paid up Capital
uncalled Capital
Subscribed Capital
The options granted by the company to its employees and employee directors at a price that is lower than the market price is (a) .
The application money should be refund within (a) days from the closure of the issue.
Debentures and shares are shown in balance sheet at
Face value
Discount
Premium
None of the above
Full form of ESOP
Redeemable preference shares are redeemable within
20 yrs
7 yrs
5 yrs
None of the above
Goodwill is
Tangible Asset
Intangible Asset
Fictitious asset
None of the above
Minimum subscription should be received within _______ days from the date of opening the shares
60
120
100
80
These shares are issued to promoters and their friends at the time of formation of a company
Preference Shares
Sweat Equity Shares
Deferred Shares
Bonus Shares
Deferred Shares are also called
Founders Shares
Preference Shares
Management Shares
Sweat Shares
Part of capital not issued and can be issued only at time of liquidation of the company
Authorized Capital
Reserve Capital
Capital Reserve
Subscribed Capital
If Minimum subscription is not received, money so received to be returned to subscribers within ____ days
20
10
15
30
