9/17/21, 10:26 AM Accounting for share capital(Basics) (Copy)

Accounting for share capital(Basics)

(Copy)
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Points: 3/5

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1. A Company may issue...............

(0/1 Point)

(A) Equity Shares

(B) Preference Shares

(C) Equity and Preference both shares 

(D) None of the Above

2. Class and Section *

XII F

XII G

XII H

XII I

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9/17/21, 10:26 AM Accounting for share capital(Basics) (Copy)

3. Share Application Account is in the nature of :

(1/1 Point)

(A) Real Account

(B) Personal Account 

(C) Nominal Account

(D) None of the above

4. Public subscription of shares include :

(1/1 Point)

(A) To Issue Prospectus

(B) To Receive Applications

(C) To Make Allotment

(D) All of the Above 

5. Name *

rudraksh udaiwal

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6. Issue of shares at a price higher than its face value is called :

(0/1 Point)

(A) Issue at a Profit

(B) Issue at a Premium 

(C) Issue at a Discount

(D) Issue at a Loss

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9/17/21, 10:26 AM Accounting for share capital(Basics) (Copy)

7. Maximum limit of Premium on shares is:

(1/1 Point)

(A) 5%

(B) 10%

(C) No Limit 

(D) 100%

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