Tamil Nadu (English Medium) Plus 2 Commerce Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1
Which is not the sub division of preference share ?

(A) Performing	(B) Irredimable
(C) Cumulative	(D) Participating

Question-2
Sec. 79 of Companies Act 1956 deals with

(A) Calls-in-Arrears	(B) Call-in-Advance
(C) Issue of share at Discount	(D) Issue of share ar premium

Question-3
Maximum amount of capital which a company is authorised to raise is called

(A) Issued capital	(B) Unissued capital
(C) Share capital	(D) Registered capital

Question-4
Tthe term securities premium has been used instead of 'Share Premium' in accordance with the provision of the

(A) Companies (Amendment)Act ,1952	(B) Companies (Amendment)Act , 1992
(C) Companies (Amendment)Act ,1999	(D) Companies (Amendment)Act ,1936

Question-5
The discount on reissue of forfeited shares is debited to

(A) Forfeited shares account	(B) Shareholders account
(C) Securities premium account	(D) Forfeiture account

Question-6
When shares are issued to public for cash, it should satisfy the provision of

(A) Companies Act	(B) SEBI
(C) Companies Act & SEBI	(D) Partnership Act

Question-7
A company can reserve part of its uncalled capital to be called up only at the time of winding up is called

(A) Nominal capital	(B) Registered capital
(C) Called up capital	(D) Reserve capital

Question-8
Two types of journal entries connected with the issue of share are

(A) Bank entry and Contra entry	(B) Cash entry and Transfer entry
(C) Capital entry and bank entry	(D) Share entry and Transfer entry

Question-9
Full form of SEBI ?

(A) State Exchange Board of India	(B) Securities Exchange Board of India
(C) Share Exchange Bill of India	(D) State Exchange Bill of Institution

Question-10
The difference between called up capital and paid up capital is known as

(A) Calls in advance	(B) Calls for shares
(C) Calls in arrears	(D) Application call

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Plus 2 Commerce

Tamil Nadu (English Medium)

Practice in Related Chapters
Financial Accounts- Adjustments
Partnership Accounts-Retirement
Accounts From Incomplete Records(Single Entry)
Cash Budget
Depreciation Accounting
Financial Statement Analysis - Ratio Analysis
Partnership Accounts - Basic Concepts
Partnership Addmission
Company Accounts