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Accounting For Share Capital MCQs
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Accounting For Share Capital MCQs
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25 Questions

1. Securities premium once received cannot be cancelled.
2. A company can issue share at a discount if
3. Discount of issue of share shows debit balance and hence shown on the assets side of the balance sheet under the head
4. Maximum number of members in a Public Company
5. Maximum number of members in a Private Company
6. Minimum Capital of a Public Company
7. Which of the following statements are correct?
8. Minimum number of directors in Pvt. Ltd company
9. Which of the following is not a statutory book of a company?
10. Minimum subscription in case of public company
11. Which of the following capital is not shown in companys balance sheet:
12. Incorporated under special charter by the king or sovereign
13. As per section 78 of the companies act, amount collected as premium on securities cannot be utilised for:
14. Minimum number of members in a Public Company
15. Minimum number of directors in Ltd company
16. Which of the following statement is false?
17. Minimum number of members in a Private Company
18. Issue of share at a premium
19. As per SEBI guidelines, A new company without any track record can issue share at a premium.
20. Interest on calls in arrear
21. Liability of the member is limited upto the amount he guaranteed to contribute in the event of winding up.
22. The portion of the authorised capital which can be called-up only on the liquidation of the company is called
23. Maximum Rate of discount
24. Issue of share at a discount
25. Penalty for delay in refunding application money

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