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MCQs for Issue of Shares
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MCQs for Issue of Shares
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25 Questions

1. Preference shareholders have
2. On issue of shares Premium is :
3. If vendors are issued fully paid shares of ₹1,25,000 in consideration of net assets of ?1,50,000, the balance of ₹25,000 will be credited to :
4. Which of the following will define, when appropriation of a certain number of shares is made to an applicant in response to his application?
5. In case of private placement of shares, to raise the amount of capital a company :
6. Which of the following is not a capital profit?
7. Amount of Calls in Advance is
8. R Ltd. forfeited 600 shares of ₹100 each ₹70 called up on which Mahesh has paid application and allotment money of ₹50 per share. Of these, 400 shares were re-issued to Naresh as fully paid-up for ₹110 per share. What is the amount to be transferred to Capital Reserve?
9. The balance of the forfeited shares account after re-issue of forfeited shares is transferred to :
10. Share Application Account is in the nature of:
11. A Ltd. forfeited 500 shares of ₹10 each fully called up for non-payment of final call of ₹3 per share 300 of these shares were reissued at ?9 per share, fully paid up. What is the amount to be transferred to Capital Reserve Account?
12. At the time of forfeiture of shares the share capital account is debited with
13. A Company forfeited 1,000 shares of ₹10 each fully called, on which ₹6,000 has been paid. Out of these 800 shares were reissued upon payment of ₹6,600. What is the amount to be transferred to Capital Reserve?
14. Authorised capital of a Company is div ided into 5,00,000 shares of ₹10 each. It issued 3,00,000 shares. Public applied for 3,60,000 shares. Amount of issued capital will be :
15. On an equity share of ₹10 the company has called up ₹8 but ₹6 have been received by the company is forfeited, the capital account should be debited by:
16. Preference shares, in case the holders of these have a right to convert their preference shares into equity shares at their option according to the terms of issue, such shares are called :
17. As per Table F, the Company is required to pay ......... interest on the amount of calls in advance
18. Pro-rata allotment of shares is made when there is :
19. One of the conditions, in addition to others, for allotment of shares is :
20. In the Balance Sheet of a company, under the heading share capital, at the last is shown :
21. If a share of ₹10 issued at a premium of n on which ₹9 (including premium) have been called and ₹7 including premium is paid is forfeited, the capital account should be debited by :
22. Reserve Capital is also known by :
23. Which of the following is not shown under the heading ‘Share Capital’ in a Balance Sheet:
24. In case of private placement of shares, the lock in period is :
25. A company forfeited 700 shares of 710 each, on which only 75 per share was paid. Of these, 200 shares were reissued at 79 per share. Amount from Share Forfeiture Account to Capital Reserve Account will be transferred :

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