If Articles of Association of the company is silent, the gap between two calls are
90 days
180 days
30 days
15 days
When shares are issued at premium, the amount of premium shall be credited to separate account called
Capital account
Shareholders account
Securities premium account
Forfeiture account
The management of the company is in the hands of the
Executives
Partners
Managers
Board of directors
Two types of journal entries connected with the issue of share are
Bank entry and Contra entry
Cash entry and Transfer entry
Capital entry and bank entry
Share entry and Transfer entry
In companies Act the meaning of shares is explaining in section
Sec 2 (35)
Sec 455
Sec 2 (46)
Sec 2 (28)
Capital reserves represent
Capital profit
Nominal profit
Share profit
Debenture profit
The difference between called up capital and paid up capital is known as
Calls in advance
Calls for shares
Calls in arrears
Application call
External sources of finance raises include
Issue of Debentures
Accepting deposits from the public
Undisturbed profits of the companies
Both a and b
When excess application money is adjusted towards allotment is called as
Rejection of shares
Pro-rata allotment
Full allotment
When the applications received are more than that has been issued to the public is called
Under subscription
Over subscription
Minimum Subscription
Maximum subscription