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WorksheetsCorporate Accounting (A)
Total questions: 10
Worksheet time: 3mins
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
An issue of share that is not a public issue but offered to a selected group of persons is called
public offer
private placement of share
Initial public offer
bouns issue
Identify which of the follwing can be utilized for the redemption of preference share of a company out of profits
share forfeited account
general reserve
development rebate reserve
securities premium account
choose the correct formula for calculating goodwill under the simple average profit method
goodwill=super profit*annuity factor
goodwill=super profit*no of years purchase
goodwill=average profit*no of years purchase
goodwill=weighted average profit * no of years purchase
securities premium is shown in the balance sheet of a company under
share capital
reserves and surplus
long term borrowings
short term borrowings
the remuneration provided for managing director or whole time director under companies act 1956
11%
5%
3%
1%
Which of the following is not a method of share issue for companies who have not gone public
Right issue
Private placement
IPO
Loan issue
Which of the following regarding bonus issue is true
To attract new investment prospects
To use up cash reserves of the company
To reduce chance of take over bids from rival companies
To reduce capital base of th3 company
As per U/S 62 Companies Act 2013 the offer for right issue shall be declared for shareholders within which time frame
Fifty to sixty days
Fifteen to thirty days
Thirty to fifty days
Five days to fifteen days
ESOP means
Options given to employees of a company the right to purchase shares at future date and pre determined price
Shares given to employees for future use
Shares given to employees to enlarge salary package
Shares at a discount
