1.
Capital reserve is the reserve which is not readily available for distribution of dividend. It is mandatory to create capital reserve in case of
1 out of 10
2.
Shares offered to a specific group of people or to an organisation is called
2 out of 10
3.
ABC Ltd received application money on its issued share capital, which account is debited while recording this transaction?
3 out of 10
4.
Shares issued for consideration other than cash are paid through
4 out of 10
5.
A company issues shares for consideration other than cash at par. Which account will be debited while recording the issue of shares?
5 out of 10
6.
What is the maximum interest rate charged on call-in-arrears amount as per Company Act, 2013?
6 out of 10
7.
What interest rate is applicable on calls-in-advance amount as per Company Act, 2013?
7 out of 10
8.
A company may receive calls-in-advance, if it is permitted by its
8 out of 10
9.
On forfeiture, share capital is
9 out of 10
10.
When forfeited shares are re-issued at premium, then premium account, is
10 out of 10
