11. When full amount is due on any call but it is not received, then the short fall is debited to:
1. Calls-in-advance
2. Suspense Account
3. Calls-in-arrear
4. Share Capital
5. None of the above
Option “3” is correct. The full amount is due on any call but it is not received, then the short fall is debited to Calls-in-arrear.
12. Reserve share capital means:
1. Suspense Account
2. Portion of uncalled capital to be called only at liquidation
3. Part of authorised capital to be called at the beginning
4. Oversubscribed capital
5. Under subscribed capital
Option “2” is correct. Reserve share capital means Portion of uncalled capital to be called only at liquidation.
13. Company receives more application than shares issued in?
1. Nominal subscription
2. Routine subscription
3. Over subscription
4. Under subscription
5. Both A and B
Option “3” is correct. Company receives more application than shares issued in Over subscription.
14. What is the minimum required paid up capital of a public company?
Option “1” is correct. The minimum required paid up capital of a public company is 5 Lakhs.
15. Share application and allotment account is a:
1. Personal account
2. Real account
3. Nominal account
4. Both B and C
5. None of these
Option “1” is correct. Share application and allotment account is a Personal account.
16. Ordinary shares are also called?
1. Preference shares
2. Deferred shares
3. Founders shares
4. Equity shares
5. None of These
Option “4” is correct. Ordinary shares are also called Equity shares.
17. How many legal basic documents of a public company are?
1. Two
2. Three
3. Four
4. Five
5. Six
Option “2” is correct. Legal basic documents of a public company are Three.
18. The shares of a public limited company generally?
1. Not transferable
2. Restricted
3. Freely transferable
4. All of these
5. None
Option “3” is correct. The shares of a public limited company generally are Freely transferable.
19. The sum of the par value of the shares of a company is called?
1. Shares
2. Capital Value
3. Reserve capital
4. Working capital
5. Share capital
Option “5” is correct. The sum of the par value of the shares of a company is called Share capital.
20. What Type of Capital will take Place after the authorized capital?
1. Issued Capital
2. Subscribe Capital
3. Called up Capital
4. Paid up capital
5. None of the above
Option “1” is correct. The type of Capital will take Place after the authorized capital are given below- (a)Issued Capital (b)Subscribe Capital (c)Called up Capital (d)Paid up capital
