1.
Which of the following statements does not relate to ‘Reserve Capital’ :
1 out of 10
2.
Nominal share capital is:
2 out of 10
3.
Pragya Ltd. Forfeited 8,000 equity shares of Rs. 100 each issued at a premium of 10% for non-payment of first and final call of Rs. 30 per share. The maximum amount of discount at which these shares can be reissued will be :
3 out of 10
4.
The directors of Axim Ltd. Forfeited 20,000 equity shares of Rs. 10 each, Rs. 8 per share called up for non-payment of first call of Rs. 2 per share. Final call of Rs. 2 per share has not been yet called. Half of the forfeited shares were reissued as fully paid up for Rs. 15 per share. The amount transferred to Capital Reserve will be:
4 out of 10
6.
Excess value of net assets over purchase consideration at the time of purchase of business is:
6 out of 10
7.
First call amount received in advance from the shareholders before it is actually called up by the directors is :
7 out of 10
8.
Which of the following is not a purpose for which the Securities Premium amount can be used ?
8 out of 10
9.
Vanya Ltd. Forfeited 20,000 equity shares of Rs. 100 each for non-payment of first and final call of Rs. 40 per share. The maximum amount of discount at which these shares can be re-issued will be :
9 out of 10
10.
Which category of shares are redeemed after a specific given period according to the terms of issue?
10 out of 10
