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Asked/Added Questions From NCERT:


Question 1. Asked on :08 August 2021:04:56:20 AM

The shares which are redeemed after a particular period are called:

(a) Ordinary Shares 

(b) Redeemable Preference Shares

(c) Cumulative Preference Shares

(d) None of the above 

-Added by Master Purushottam Accountancy » Issue Of Share Capital MCQs


Question 2. Asked on :08 August 2021:04:55:30 AM

 The excess price received over the par value of shares, should be ___________ Account.

(a) Debited 

(b) Credited

(c) Adjusted 

(d) None of these

-Added by Master Purushottam Accountancy » Issue Of Share Capital MCQs


Question 3. Asked on :08 August 2021:04:54:44 AM

When shares are forfeited, share capital account is:

(a) Debited 

(b) Credited

(c) Adjusted 

(d) None of these


-Added by Master Purushottam Accountancy » Issue Of Share Capital MCQs


Question 4. Asked on :08 August 2021:04:53:35 AM

Interest on Calls –in–arrears is ________for the company.

(a) Income 

(b) Expenditure

(c) Gain 

(d) Loss

-Added by Master Purushottam Accountancy » Issue Of Share Capital MCQs


Question 5. Asked on :08 August 2021:04:52:20 AM

__________ is deducted from the share capital to know the paid up value of shares.

(a) Calls in Advance 

(b) Calls in Arrears

(c) Forfeited Shares 

(d) Discount on Issue

-Added by Master Purushottam Accountancy » Issue Of Share Capital MCQs


Question 6. Asked on :08 August 2021:04:51:21 AM

If shares are issued at it’s face value, it is called as issue at:

(a) Premium 

(b) Discount

(c) Par 

(d) None of these

-Added by Master Purushottam Accountancy » Issue Of Share Capital MCQs


Question 7. Asked on :08 August 2021:04:50:19 AM

Nominal value of shares allotted to the public is called:

(a) Authorized Capital

(b) Reserve Capital

(c) Paid up Capital

(d) Nominal Capital

-Added by Master Purushottam Accountancy » Issue Of Share Capital MCQs




Question 10. Asked on :08 August 2021:04:47:27 AM

The discount allowed on re-issue of forfeited shares is debited to:

a) General reserve account.

b) Capital reserve account.

c) Revaluation reserve account.

d) None of these.

-Added by Master Purushottam Accountancy » Issue Of Share Capital MCQs





Question 14. Asked on :08 August 2021:04:43:40 AM

As per the Companies Act, shall be redeemed within _____ Years.

a) 24 years 

b) 22 years 

c) 30 years

d) 20 years.

-Added by Master Purushottam Accountancy » Issue Of Share Capital MCQs





Question 18. Asked on :08 August 2021:04:39:53 AM

The Securities Premium Account should be shown under:

a) Share Capital

b) Current Liabilities

c) Current Assets

d) Reserves and Surplus

-Added by Master Purushottam Accountancy » Issue Of Share Capital MCQs




Question 21. Asked on :08 August 2021:04:37:23 AM

Declared dividend should be classified in the Balance Sheet as a_________.

a) Provision 

b) Current liability 

c) Reserve

d) Current asset

-Added by Master Purushottam Accountancy » Issue Of Share Capital MCQs




Question 24. Asked on :08 August 2021:04:34:36 AM

Dividends are usually paid as a percentage of ________.

a) Authorized share capital.

b) Net profit.

c) Paid-up capital.

d) Called-up capital.

-Added by Master Purushottam Accountancy » Issue Of Share Capital MCQs







 

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